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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~; gn 'G TYitZL CLERK ;ti r L. N .,r I C. . _ ~ I EXHIBIT "A" J ~ ~I Emu r.~ Y San Gabriel = Lam" ' r ?g Temple City b i- ~~~~`I~}IJ¢lrl~l}gr~l II ' O~ti J 'W_ I Ue i U L r r ~ is ~ L„ j f~ Ham.. ~ I V ~ I ~ ~ I I ~ I 7 j ~ I I it ' II I<~I I `I L_dn' ~ i ~ I I S a i I•--. ~ j l 4 u .~.TN I y J kV (7.7 C \ AND G _s El Monte p10 1 V ~r Ca .L4 ~ rYV 1,9 '~d'~ _C. cOp 5 ~ I I~ Y I South II Monte ,a• I II I E4.. nnC L RESOLUTION NO. 90-61 11 Storm Drain Improvements „ in Rosemead Place Montebello J CITY OF ROSEMEAD 1982