CC - 1992-20 - Agency Payment for Portion of FY 1991-92 Slurry Seal- - 0 •
RESOLUTION NO. 92-20
A RESOLUTION OF THE ROSEMEAD CITY COUNCIL
MAKING CERTAIN FINDINGS AND DETERMINATIONS
WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT
FOR PORTIONS OF THE FY 91-92 SLURRY SEAL PROGRAM
WHEREAS, the 1992 Pavement Management System update identifies
and prioritizes various streets for slurry seal repair in FY 91-92;
and
WHEREAS, the improvement of those streets inside and adjacent to
Project Area No. 1 as depicted in "Exhibit All and listed on "Exhibit
B", will serve to accommodate increasing traffic volumes and reduce
maintenance costs throughout the network of streets that have been
improved previously with financing from the Redevelopment Agency.
WHEREAS, the total Agency obligation for the project shall not
exceed Seven Thousand Dollars ($7,000). The total City obligation for
the project shall not exceed Thirty Thousand Dollars ($30,000).
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 slurry sealing various streets inside and adjacent to
Project Area No. 1, as depicted on "Exhibit All and listed on
"Exhibit B", is of benefit to the project area. This finding is
based on the fact that the improvement of the streets depicted in
"Exhibit All and listed in "Exhibit B", 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 Clerk shall certify to the adoption of this
Resolution.
PASSED, APPROVED and ADOPTED this 28th day of April, 1992.
nip i ~ya.ril.
EST: MAYOR
I hereby certify that ':the foregoing Resolution No. 92-20
J ( adi~ was duly and regularly adopted by the City Council of the
TY CLERK City of Rosemead at a regular meeting thereof held on
the 28th day of April, 1992, by the following vote:
Yes: Bruesch, Clark, Vasquez, McDonald
No: Taylor Abse/nt':7 None Abstain: None
Ge- Cam/ LZ
CLERK .
EXHIBIT "B"
Rosemead Redevelopment Agcy
Dorothy Street
Dorothy Street
Dorothy Street
Drayer Lane
La Madrina Avenue
Newmark Avenue
Alley East of San Gabriel Boulevard
Alley East of Del Mar Avenue
(Delta Avenue /Charlotte Avenue)
(250 feet West of Rockhold Avenue/
Rockhold Avenue)
(Walnut Grove Avenue/Rockhold Avenue)
(Walnut Grove Avenue/255 feet West of
Walnut Grove Avenue)
(Walnut Grove Avenue/375 feet West of
Walnut Grove Avenue)
(New Avenue/230 feet East of New
Avenue)
(Dorothy Street/South End)
(Hershey Street/Hellman Avenue)
"II Ea1~ EXHIBIT A
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RESOLUTION 92-20
CITY OF ROSEMEAD
1982