CC - 1993-53 - Agency Payment for 1993-94 Asphalt Concrete OverlayRESOLUTION NO. 93-53
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 FY 1993-94
ASPHALT CONCRETE OVERLAY ON EARLE AVENUE AND SAN GABRIEL
BOULEVARD
WHEREAS, the asphalt concrete overlay on Earle Avenue (Garvey
Avenue to Delta Place) and San Gabriel Boulevard (Garvey Avenue to
Hellman Avenue) will take place at locations within and adjacent to
the boundaries of Project Area No. 1 as depicted in Exhibit "A"; and
WHEREAS, the asphalt concrete overlay on Earle Avenue and San
Gabriel Boulevard 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 Two Hundred Forty Thousand Dollars ($240,000).
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 Earle 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 street improvements made at the
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.
Section 2. The City Clerk shall certify to the adoption of this
Resolution.
PASSED, APPROVAL and ADOPTED thi:
ATTEST::-
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' TY/ CLE'RK=
I hereby'certify that the foregoing Resolution No. 93-53 was duly and regularly
adopted,by the City Council of the City of Rosemead at a.regular meeting thereof
held on th'e 12th2day of October, 1993, by the following vote:
Yes: Clark, Taylor, Bruesch, Vasquez
No: None
Absent: McDon_a_ld
Abstain: -None
919Y CbERK.
Temple City
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• ~ RESOLUTION NO. 93-53
fem.
U * r ` ? ` FY 1993-94 ASPHALT CONCRETE OVERLAY
ON
ARLE AVENUE AND SAN GABRIEL BOULEVARE
CITY OF ROSEMEAD
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