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CC - 1990-09 - Agency Payment for Concrete RepairRESOLUTION NO. 90-9 A RESOLUTION OF THE ROSEMEAD CITY COUNCIL MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT IN THE RESURFACING AND CONCRETE REPAIR PROJECT ON VARIOUS STREETS IN PROJECT AREA NO. 1 WHEREAS, the streets depicted in Exhibit "A" and listed on Exhibit "B" attached hereto and incorporated herein by this reference provide automobiles access throughout Project Area No. 1; and WHEREAS, the scope of the project will provide resurfacing and certain concrete repair work for curbs, gutters, and sidewalks of portions of Artson Street, Whitmore Street, Ivar Street, Brighton Street, Fern Avenue, Scott Street, Marshall Street, Lawrence Street, Guess Street, Gernert Avenue, Abilene Street, San Gabriel Boulevard, River Avenue, Ramona Boulevard, Park Street, Lafayette Street, Keim Street, Gaydon Avenue, Evelyn Avenue, Del Mar Avenue and Angelus Avenue; and WHEREAS, the completion of the resurfacing and repair work on the streets designated in Exhibit "A" and listed on Exhibit "B" will provide improved traffic flow and pedestrian access within Project Area No. 1; WHEREAS, the total Agency obligation for the project shall not exceed Four Hundred Fifty Thousand Dollars ($450,000). The total City obligation for the project shall not exceed Two Hundred Fifty' Thousand Dollars ($250,000). NOW, THEREFORE, the Rosemead City Council resolves as follows: Section 1. The City Council hereby finds, determines, and declares as follows: (a) The payment of the total cost, currently estimated to be Seven Hundred Thousand Dollars ($700,000) by the Rosemead Redevelopment Agency, of the resurfacing and curb, gutter, and sidewalk repair on the various street depicted in Exhibit "A" is of benefit to Project Area No. 1. This finding is based upon the fact that the resurfacing and repair project of various streets, as defined previously, will provide improved access for automobile traffic within aforementioned project will improve the streets depicted in Exhibit "A" and listed on Exhibit "B", thus increasing property values within 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. Section 2. The City Clerk will certify to the-adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 13th da f Febr r , 199 . TEST: ) /,~2(-GG (,UG i'Y CLERK MAYOR I hereby certify that the foregoing Resolution No. 90-9 was duly and regularly adopted by the City Council of the City of Rosemead at a regular meeting thereof held on the 13th day of February, 1990, by the.following vote: Yes: DeCocker,,MCDbnflld, Bruesch, Imperial No: Taylcr Absent: None Abstain: None C CLERK, J l a IUUL ~MD 97 rk V O San. Gabriel I~ a v ~Y ~L IF-i j Montebello Temple City 43, 9' y, J s N El Monte, 9,4~ South El Monte n~ RESOLUTION NO. 90-9 EXHIBIT "A" ASPHALT CONCRETE OVERLAY 1989-90 ® = CITY BUDGET = AGENCY BUDGET CITY OF ROSEMEAD 1982 EXHIBIT B RESURFACING AND CONCRETE REPAIRS PROJECT CITY OF ROSEMEAD AREA Abilene Street (Bartlett/Walnut Grove) Genert Avenue (Ralph/Valley) Guess Street (Ivar/Muscatel) Guess Street (Rosemead/Ivar) Ivar Avenue (Valley/Mission) Lawrence Avenue (Rosemead/Ivar) Marshall Street (Ellis/West End) Scott Street (Muscatel/Walnut Grove) ROSEMEAD REDEVELOPMENT AGENCY AREA Angelus Street (Hellman/South of Park) Artson Street (190' west of Brighton/490' east of Brighton) Brighton Street (Hellman/Artson) Del Mar Avenue (Highcliff/Graves) Evelyn Avenue (Newmark/Garvey) Fern Avenue (Walnut Grove/Willard) Gaydon Avenue (Hellman/Artson) Keim Street (Angelus/San Gabriel) Lafayette Street (Dorothy/Hellman) Park Street (Charlotte/Gladys) Ramona Boulevard (Rubio Wash/Walnut Grove) River Avenue (Garvey/South End) San Gabriel Boulevard (Fwy. 60/West City Limit) Whitmore Street (Rosemead/West End) Whitmore Street (Driggs/Heglis) PW:24-P-R:3 Res. 90-9