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CC - 1994-61 - Agency payment for Pavement Management System updateRESOLUTION NO. 94-61 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE PAVEMENT MANAGEMENT SYSTEM UPDATE WHEREAS, the Infrastructure Management Report, as adopted by the Rosemead City Council on August 30, 1988, identifies and prioritizes all streets in the Pavement Management System element by major or minor maintenance for a 5-year capital improvement program; and WHEREAS, the Proposition C guidelines require that local jurisdictions update their Pavement Management System element biennially; and WHEREAS, the Pavement Management System update will provide the basis for a new 5-year maintenance and improvement program; and WHEREAS, the total Agency obligation for the project shall not exceed Seventeen Thousand Five Hundred Dollars ($17,500). 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 portions of the cost of updating the Pavement Management System element of the Infrastructure Management Report for streets inside and adjacent to Project Area No. 1 is of benefit to the project area. This finding is based on the fact that by updating the Pavement Management System element, the effectiveness of the program can be maintained throughout succeeding years by reducing maintenance costs and enhancing traffic flow throughout a network of streets improved previously by the Rosemead Redevelopment Agency. (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 portions of the cost of updating the Pavement Management System element will eliminate blighting conditions within the project area by reducing maintenance costs and enhancing traffic flow throughout a network of streets 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 thi5/1~th d~y of Peo~mber, 1994. I hereby edr'" iTy'~at-the of regoing Resolution ATTEST: No. 94761 was duly and regularly adopted by the Rosemead City Council at a regular meeting held on the 13th day of December, by the following ote: 1994, 171 /0 CITY CLurk Yes: Cl.ark,-Taylor, Bruesch, Vasquez, Imperial No: None;_ Absent: None; Abstain: None CITY