CC - 1993-31 - Agency payment for Asphalt concrete Overlay9
RESOLUTION NO. 93-31
A RESOLUTION OF THE ROSEMEAD CITY COUNCIL OF THE
CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND
DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY
PAYMENT FOR THE ASPHALT CONCRETE OVERLAY ON NEW AVENUE
(750' NORTH OF GRAVES AVENUE TO GARVEY AVENUE)
WHEREAS, the asphalt concrete overlay on New Avenue (750' north
of Graves Avenue to Garvey Avenue) will take place at locations
adjacent to the boundaries of Project Area No. 1 as depicted in
Exhibit "A"; and
WHEREAS, the asphalt concrete overlay on New Avenue to be
constructed in areas adjacent to Project Area No. l will improve the
area aesthetically and structurally; and
WHEREAS, the total Agency obligation for the project shall not
exceed Fifty Thousand Dollars ($50,000).
NOW, THEREFORE, the Rosemead City Council resolves as follows:
Section 1. The City Council finds, determines, and declares:
(a). The payment by the Rosemead Redevelopment Agency for
asphalt concrete overlay on New Avenue 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 locations indicated on Exhibit "A" will
serve to improve the aesthetic appearance and infrastructure
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.
Section 2. The City Clerk shall
Resolution.
PASSED, APPROVAL and ADOPTED thi
ATTEST: I
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CLERIC=
a ~ = 4:
I hereby certify that the foregoing Resolution No. 93-31 was duly and regularly adopted
by the City Council of the City of Rosemead at a regular meeting thereof held on the
22nd day of'June, 1993, by the following vote:
Yes: Clark, Bruesch, Vasquez
No: Taylor
Absent: McDonald
Abstain: None
TY CLERK
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„A ~ ~-ry w I RESOLUTION NO. 93-31
JUU 7e[ Asphalt Concrete Overla
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New Avenue
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Montebello CITY OF ROSEMEAD
t' 1982