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CC- 1989-03 - Agency payment for the reconstruction of Bartlett AvenueRESOLUTION NO. 89-3 u A RESOLUTION OF THE ROSEMEAD CITY COUNCIL MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO THE REDEVELOPMENT AGENCY PAYMENT FOR THE RECONSTRUCTION OF BARTLETT AVENUE (KLINGERMAN/GARVEY) AND LA PRESA AVENUE (FERN/GARVEY) WHEREAS, Bartlett Avenue, between Klingerman and Garvey, and La Presa Avenue, between Klingerman and Garvey, as depicted on "Exhibit A," lie adjacent to and within the boundaries of Project Area No. 1; and WHEREAS, the improvement of Bartlett and La Presa Avenues will accomodate increasing traffic volumes through the network of streets that have been improved previously with financing from the Redevelopment Agency. NOW, THEREFORE, the Rosemead City Council resolves as follows: SECTION 1. The City Council finds, determines, and declares: (a) The payment by the Rosemead Redevelopment Agency for the costs of reconstructing Bartlett Avenue, (from Klingerman to Garvey) and La Presa Avenue (from Fern to Garvey), as depicted in "Exhibit A," is of benefit to Project Area No. 1. This finding is based on the fact that the aforementioned streets will join a network of improved streets running throughout Project Area No. 1, thus providing to the Project Area the benefits of improved traffic flow. (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 until such time as revenue sources and major required expenditures are stablized. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED, and ADOPTED this 1@t o-f nary, 1989. MAYOR AT'T'ESTS J CITY CLERK I hereby certify that the foregoing Resolution 89-3 was duly and regularly adopted by the.City Council of the City of Rosemead at a regular meeting thereof held on the 10th day of January, 1989, by the following vote: Yes: DeCocker, Taylor, McDonald No: None Absent: Bruesch, Imperial Abstain: None T\j San Gabriel elf Mu u,-- 53 H ~I\_'n[q Temple City V. 1 ATTACHMENT A Bit Q b ? / 7, G k EI Monte 3. r ,k P T Montebello yy J rcr~ ~ i S1il J• S •5 [n I N M1~ I^~ 1V L' South EI Monte I~i ~ li If` i i s STREET PROJECT Bartlett(Garvey/Kling- erman) and La Presa (Garvey/Fern) CITY OF ROSEMEAD 1982