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CC- 1989-48 - Agency Payment for Installation of Newmark Sewer ProjectRESOLUTION NO. 89-48 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE INSTALLATION OF THE NEWMARK AVENUE SEWER PROJECT WHEREAS, the portion of the Newmark Avenue depicted on Exhibit "A" attached hereto and incorporated herein by this reference, lies west of Project Area No. 1; and WHEREAS, the installation of the Newmark Avenue sewer will complete the upgrading of the Rosemead Sewer System and encourage private development within Project Area No. 1. NOW, THEREFORE BE IT RESOLVED that the 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 sum of Fifty Thousand Dollars ($50,000) toward the total cost of the installation of Newmark Avenue sewer as depicted on Exhibit "A" hereto, is of benefit to Project Area No. 1. The sewer improvements include a sewer mainline in Newmark Avenue between Pine Street and Falling Leaf Avenue, parallel to an existing eight-inch sewer. The purpose of the sewer is to add capacity to handle peak flows which have recently been observed to cause sewage backflow problems.. The sewer improvements will encourage private development in Project Area 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 has a General Fund surplus, the uncertainty of,'the economy and continuing municipal revenue sources militates against the depletion of the existing reserves. Section 2. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 8th day of Auguirt',' 1989. ;ST: _ CLERK MAYOR I heieby certify that the foregoing Resolution No. 89-48 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, Taylor, McDonald, Bruesch, Imperial No: None Absent: None Abstain: None, CLERK J 1 <I :V I r u San Gabriel J u rk e €T Montebello -yl sC'ut Et Temple City I CI 1.- tGl.. fir- ~ IV k/ x El Monte a qg t a n M€ i iCr C. ~i South El Monte~n NEWMARK AVENUE SEWER RESOLUTION NO. 89-48 4•aZ EXHIBIT "A" CITY OF ROSEMEAD 1982