CC - 1995-53 - Agency Payment for Underground Utility Districts & Street LightingRESOLUTION NO. 95-53
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT
TO REDEVELOPMENT AGENCY PAYMENT FOR UNDERGROUND
UTILITY DISTRICTS AND STREET LIGHTING IMPROVEMENTS ON
DEL MAR AVENUE, WALNUT GROVE AVENUE, AND SAN GABRIEL
BOULEVARD
WHEREAS, the Underground Utility Districts and street lighting improvements project will .
take place at locations within and adjacent to the boundaries of Project Area No. 1 as depicted in
Exhibit "A"; and
WHEREAS, the Underground Utility Districts and street lighting improvements project to
be constructed in areas within and adjacent to Project Area No. 1 will improve the area aesthetically
and enhance safety; and
WHEREAS, the total Agency obligation for the project shall not exceed Five Million Five
Hundred Thousand Dollars ($5,500,000).
NOW, THEREFORE, the Rosemead City Council resolves as follows:
Section 1. The Rosemead City Council finds, determines, and declares:
(a) The payment by the Rosemead Redevelopment Agency for the Underground Utility
Districts and street lighting improvements project on Del Mar Avenue, Walnut Grove
Avenue, and San Gabriel Boulevard within and adjacent to Project Area No. 1, as depicted
in Exhibit "A" is of benefit to the Project Area. This finding is based on the fact that the
utility undgrounding and street lighting improvements made at the various locations indicated
on Exhibit "A" will serve to improve the aesthetic appearance and enhance safety within and
adjacent to Project Area No. 1.
(b) That there are no other reasonable means of financing such buildings, facilities,
structures or other improvements available to the community. Although the City has a
General Fund surplus, the uncertainty of continuing municipal revenue sources militates
against the depletion of the existing reserves until such time as revenue sources and major
required expenditures are stabilized.
(c) The payment by the Rosemead Redevelopment Agency for the specified utility
undergrounding and street lighting improvements will eliminate blighting conditions within
the project area by enhancing safety through the undergrounding of the existing overhead
utility facilities and providing improved lighting on roadways within and adjacent to the
project area, thus enhancing the value of abutting properties.
Section 2. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 26th day of September, 1995.
?eb7 ATTEST:
I ti fy that the In oing Resolution
No. 95-53 was duly and regularly adopted by the
Rosemead City Council at a regular meeting held
on September 26, 1995, by the following vote:
CITY CLE C, . .
Yes: Clark, Vasquez, Bruesch
No: Taylor, Imperial
Absent* None
Abstain:' None
CITY CLE'9K
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