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CC - 1994-54 - Agency Payment for 1994-95 Street Lighting ImprovementsV RESOLUTION NO. 94-54 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE FY 1994-95 STREET LIGHTING IMPROVEMENTS AND ASPHALT CONCRETE OVERLAY ON VARIOUS CITY STREETS WHEREAS, the street lighting improvements and asphalt concrete overlay 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 street lighting improvements and asphalt concrete overlay project to be constructed in areas within and adjacent to Project Area No. 1 will improve the area aesthetically and structurally; and WHEREAS, the total Agency obligation for the project shall not exceed Four Hundred Fifty Nine Thousand Dollars ($459,000). 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 street lighting improvements and asphalt concrete overlay project on various streets 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 street improvements made at the various locations indicated on Exhibit "A" will serve to improve the aesthetic appearance and infrastructure 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 street lighting improvements and asphalt concrete overlay will eliminate blighting conditions within the project area by providing a "new" street appearance 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 ADOPT ATTEST: 'CITY CLE { %l tiereby_certify that the foregoing Resolution No. 94-54 was duly and regulary adopted by the Rosemead City Council at a regular meeting held on the 8th day of November, 1994 by the following vote: Yes: Clark, Vasquez, Bruesch, Imperial No: None Absent: Taylor Abstain: None City Clark'- EXHIBIT "A" CITY OF ROSEMEAD • Marshall Street (Rosemead Boulevard/Walnut Grove Avenue) • Guess Street (Gernert Street/East End) • Earle Avenue (Olney Street/Marshall Street) • Earle Avenue (Mission Drive/Grand Avenue) • Halkett Avenue (Walnut Grove Avenue/Grand Avenue) • Fairview Avenue (Willard Avenue/Earle Avenue) • Delta Avenue (Mission Drive/Grand Avenue) ROSEMEAD REDEVELOPMENT AGENCY • Virginia Street (Denton Avenue/West End) • Dorothy Avenue (250 Feet West of Rockhold Avenue/Delta Avenue) • Earlswood Drive (Rosemead Place/lvar Avenue) • Whitmore Street (Heglis Avenue/Sullivan Avenue) • Stallo Avenue (Dorothy Avenue/Hellman Avenue) • Avinger Drive (Potrero Grande Drive/North End) • Cortada (Rosemead Place/West End) • Earle Avenue (Hellman Avenue/Artson Street) • Charlotte Avenue (470 Feet North of Park Street/Dorothy Avenue) • Argo Place (Sullivan Avenue/East End). • Willard Avenue (500 Feet South of Dorothy Avenue/Garvey Avenue) • Ramona Boulevard (Burton Avenue/Walnut Grove Avenue) • Hershey Street (Brighton Street/Del Mar Avenue) . • Rockhold Avenue (500 Feet South of Dorothy Avenue/Dorothy Avenue) • Denton Avenue (Virginia Street/Garvey Avenue) • Heglis Avenue (Driggs Avenue/Whitmore Street)