CC - 1989-07 - Agency Payment for Portions of FY 88-89 Slurry SealRESOULUTION NO. 89-7
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT
TO REDEVELOPMENT AGENCY PAYMENT FOR PORTIONS OF
THE FY 88-89 SLURRY SEAL PROGRAM.
WHEREAS, the Infrastructure Management Report, as adopted by the
Rosemead City Council on August 30, 1988, identifies and prioritizes
various streets for slurry seal repair in FY 88-89; and
WHEREAS, the improvement of those streets inside and adjacent to
Project Area No. 1 as depicted in "Exhibit A," will serve to
accomodate increasing traffic volumes and reduce maintenance costs
throughout the network of streets that have been improved previously
with financing from the Redevelopment Agency.
NOW, THEREFORE, the 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 slurry sealing various streets inside and
adjacent to Project Area No. 1, as depicted in "Exhibit All
is of benefit to the project area. This finding is based on
the fact that the improvement of the streets depicted in
"Exhibit A" will reduce maintenance costs and enhance
traffic flow throughout a network of streets improved
previously 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 sources militates against the depletion of the
existing reserves until such time as revenue sources and
major required expenditures are stabilized.
SECTION 2. The City Council shall certify to the adoption of
this Resolution.
PASSED, APPROVED, and ADOPTED this 24)th day of January, 1989.
ATTEST:
Ci .Clerk.,
I hereby ceitify that the foregoing Resolution 89-7 was duly and regularly adopted
by the City Council of the City of Rosemead at a regular meeting thereof held on the
24th day of January, 1989, by the following vote:
Yes: DeCocker, Taylor, Bruesch, McDonald
No: None
Absent: Imperial
Abstain: None /
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PLANNING DEPT.
CITY OF ROSEMEAD
1982