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CC- 1989-46 - Agency Payment for Street improvements on MelroseRESOLUTION NO. 89-46 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR STREET IMPROVEMENTS ON MELROSE AVENUE (JACKSON/WEST END), ECKHART ALLEY (WHITMORE/SHORT END), ARTSON STREET (CHARLOTTE/GAYDON) AND MUSCATEL AVENUE (GARVEY/KLINGERMAN) WHEREAS, Melrose Avenue, Eckhart Alley, Artson Street, and Muscatel Avenue, as depicted in Exhibit "A" lies westerly of Project Area No. 1; and WHEREAS, improvement of Melrose Avenue, Eckhart Alley, Artson Street, and Muscatel Avenue will accommodate increasing traffic volume through the network of streets that have been improved previously with redevelopment financing. NOW, THEREFORE, the Rosemead City Council resolves as follows: Section 1. The City Council hereby finds, determines, and declares as follows: (a) The payment by the Rosemead Redevelopment Agency of the costs of improving Melrose Avenue, Eckhart Alley, Artson Street, and Muscatel Avenue, is of benefit to Project Area No. 1. This finding is based upon the fact that the named streets will join a network of improved streets leading to Project Area No. 1, thus providing improved traffic flow for vehicles entering and exiting the Project Area. (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 are permanently stabilized. Section 2. The City Clerk shall certify to the adoption of the Resolution. PASSED, APPROVED AND ADOPTED this ATTEST: C~Ptl, CLERK 8th day of August- 1989. MAYOR I hereby certify that the foregoing Resolution No. 89-46 was duly and regularly adopted by the City Council of the City of Rosemead at a regular meeting thereof held on the 8th day of August, 1989, by the following vote: Yes: DeCocker, McDonald, Bruesch, Imperial No: Taylor Absent: None Abst'ain:, N6ine., 0 F. ' tiJ I{JI I c ra r San Gabriel l(l.~. t° niiu =a„{ oU LJ L J Montebello 'lfu lY ~-7~ r Temple City j L Fl }~J 1 I4. iass:.t.v~ El Monte n-t~ (~~7NTUl ' IS r South El Monte FF''~-0 STREET IMPROVEMENTS IN MELROSE AVENUE, ECKHART ALLEY, MUSCATEL AVENUE, AND ARTSON STREET RESOLUTION NO. 89-46 EXHIBIT "A" CITY OF ROSEMEAD 1982