CC - 1990-53 - Agency Payment for Street and Storm Drain ImprovementsRESOLUTION NO. 90-53
A RESOLUTION OF THE CITY COUNCIL OF
ROSEMEAD MAKING CERTAIN FINDINGS AND
WITH RESPECT TO REDEVELOPMENT AGENCY
STREET AND STORM DRAIN IMPROVEMENTS ON
FROM GARVEY AVENUE TO FOUR-HUNDRED
NORTH OF HERSHEY STREET
THE CITY OF
DETERMINATIONS
PAYMENT FOR
ROSEMEAD PLACE
(400) FEET
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 1990-91; and
WHEREAS, the scheduled street and storm drain improvements
scheduled on Rosemead Place, as depicted in "Exhibit A," 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 this project shall
not exceed Seven-Hundred Thousand Dollars ($700,000).
NOW, THEREFORE, the Rosemead City Council resolves as follows:
Section 1. The City Council finds, determines, and declares:
(a). That the payment by the Rosemead Redevelopment Agency
for the costs of street and storm drain improvements on
Rosemead Place, as depicted in "Exhibit A," is of benefit to
Project Area No. 1. This finding is based on the fact that
the improvements described above will reduce maintenance
costs, enhance the flow of traffic, and improve the network of
storm drains existing currently in 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 maintains a
General Fund surplus, the uncertainty of continuing municipal
revenue sources militates against the depletion of 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, APPROVED and ADOPTED thi\ 11th of ;S)eember, 1990.
MAYOR
ATTEST:,r
T.F. CLERK .
I hereby'certify that the foregoing Resolution No. 90-53 was.duly and regularly adopted
by the City Council of the City of Rosemead at a regular meeting thereof held on the
11th day of September, 1990, by the following vote:
Yes: Taylor, McDonald, Bruesch, Imperial
No: None
Absent: DeCocker
Abstain: None
C CLERK: „
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City Council Resolution
- No. 90-53
Exhibit "A"
_ Street & Storm Drain
W°N 0 Improvements Rosemead Pl.
(Garvey/North of Hershey)
Montebello CITY OF ROSEMEAD
1982
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