CC - 1990-47 - Agency Payment for Street Improvements•
RESOLUTION NO. 90-47
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO
REDEVELOPMENT AGENCY PAYMENT FOR STREET IMPROVEMENTS IN
CHARLOTTE AVENUE (GARVEY AVENUE/1230 FEET SOUTH), AND
FERN AVENUE (FALLING LEAF AVENUE/SAN GABRIEL BOULEVARD)
AND STREET AND SANITARY SEWER IMPROVEMENTS IN
NEWMARK AVENUE (PINE STREET/FALLING LEAF AVENUE)
WHEREAS, the Infrastructure Management REPORT as adopted by the
Rosemead City Council on August 30, 1988, identifies and prioritizes
various streets for improvements in FY 90-91; and
WHEREAS, the improvements of those streets inside and adjacent to
Project Area No. 1 as depicted in "Exhibit All, will serve to
accommodate increasing traffic volumes and reduce maintenance costs
throughout the network of streets that have been improved previously
with financing from the Redevelopment Agency; and
WHEREAS, the total Agency obligation for the project shall not
exceed Four Hundred Forty Nine Thousand Dollars ($449,000).
NOW, THEREFORE, the Rosemead Redevelopment Agency finds,
determines, and declares:
(a). That the payment by the Rosemead Redevelopment Agency for
the costs of street improvements and sewer upgrades adjacent to
Project Area No. 1, as depicted on "Exhibit All is of benefit to the
project area. This finding is based on the fact that the streets
depicted in "Exhibit All will reduce maintenance costs, enhance
traffic and sewer flow throughout a network of streets improved
recently 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 until such time as
revenue sources and major required expenditures are stabilized.
Section 2. The Agency Secretary shall certify to the adoption of
this Resolution.
PASSED, APPROVED, AND ADOPTED this 14th day of August, 1990.
MAYOR
I hereby certify that the foregoing Resolution No. 90-47
was duly and regularly adopted by the City Council of
ATTEST: the City of Rosemead at a regular meeting thereof held
on the 14th day of August, 1990 by the following vote:
Yes: Taylor, McDonald, Bruesch, Imperial
l LL'L No: None Absent: De Cocker Abstain: None
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"EXHIBIT A"
RESOLUTION NO. 90-47
I; STREET IMPROVEMENTS IN
;I CHARLOTTE, NEWMARK, FERN
AND SEWER IMPROVEMENTS IN
IC NEWMARK AVENUE
CITY OF ROSEMEAD
1982