CC - 1996-46 - Agency Payment for the FY 1996-97 Concrete Repair• •
RESOLUTION NO. 96-46
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD MAKING CERTAIN FINDINGS AND
DETERMINATIONS WITH RESPECT TO REDEVELOPMENT
AGENCY PAYMENT FOR THE FY 1996-97 CONCRETE REPAIR
PROJECT ON VARIOUS CITY STREETS
WHEREAS, the concrete repair project will take place at various locations within and
adjacent to the boundaries of Project Area No. 1 as depicted in Exhibit "A"; and
WHEREAS, the concrete repair project to be constructed in areas within and adjacent to
Project Area No. 1 will improve the area aesthetically and structurally; and
WHEREAS, the total Agency obligation for the project shall not exceed Fifty Thousand
Dollars ($50,000).
NOW, THEREFORE, the Rosemead City Council resolves as follows:
Section 1. The Rosemead City Council finds, determines, and declares:
(a) The payment by the Rosemead Redevelopment Agency for the concrete repair project
on various streets within and adjacent to Project Area No. 1, as depicted in Exhibit "A', is
of benefit to the Project Area. This finding is based on the fact that the concrete repair
improvements made at the various locations indicated on Exhibit "A" will serve to improve
the aesthetic appearance and infrastructure within and adjacent to 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 continuing municipal revenue sources militates
against the depletion of the existing reserves until such time as revenue sources and major
required expenditures are stabilized.
(c) The payment by the Rosemead Redevelopment Agency for the specified concrete
improvements will eliminate blighting conditions within the project area by providing
improved pedestrian access and drainage along roadways within and adjacent to the project
area, thus enhancing the value of abutting properties.
Section 2. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 24th day of September, 1996.
ATTEST:
CITY CLE {
MAYOR
I hereby.-certify that the foregoing Resolution No. 96-46 was duly and
regularly adopted by the Rosemead City Council at a regular meeting held
on the 24th day of September, 1996, byi.the following vote:
Yes: Vasquez, Taylor, Clark, Bruesch, Imperial
No:. None; Absent: None; Abstain: None
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Exhibit "A,,