CC - 1990-61 - Agency Payments for Construction of Storm Drain ImprovementsWHEREAS, the total Agency obligation for this project shall not
exceed Eight Hundred and Twenty-nine Thousand Dollars ($829,000).
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT
TO REDEVELOPMENT AGENCY PAYMENT FOR CONSTRUCTION OF
STORM DRAIN IMPROVEMENTS IN ROSEMEAD PLACE FROM
GARVEY AVENUE TO 400 FEET NORTH OF HERSHEY STREET
WHEREAS, the Infrastructure Management Report, as adopted by the
Rosemead City Council on August 30, 1988, identifies and prioritizes
various streets and storm drain improvements in Fiscal Year 1990-91;
and
WHEREAS, the scheduled storm drain improvements scheduled in
Rosemead Place from Garvey Avenue to 400 feet north of Hershey
Street, as depicted in Exhibit "A", will serve to accommodate the
storm drains and reduce maintenance costs throughout the network of
streets that have been improved previously with financing from the
Redevelopment Agency; and
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 Redevelo
the costs of the storm drain improvements
as depicted on Exhibit "A", is of benefit
No. 1. This finding is based on the fact
improvements described above will improve
drains existing currently in Project Area
oment Agency for
on Rosemead Place,
to Project Area
that the
the network storm
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 this 13th day of November, 1990.
ATTEST:
u~: C~u.✓
/fff-TY CLERK
i _
RESOLUTION NO. 90-61
MAYOR
I hereby certify that the foregoing Resolution No. 90-61 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 November, 1990, by.the following vote:
Yes: Taylor, McDonald, Bruesch, Imperial
No: None
Absent: None
Abstain: None
II~;
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TYitZL CLERK ;ti
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RESOLUTION NO. 90-61
11 Storm Drain Improvements
„ in Rosemead Place
Montebello
J
CITY OF ROSEMEAD
1982