CC - 1991-09 - Agency Payment for Construction of Street and Landscaping improvementsRESOLUTION NO. 91-9
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT
TO REDEVELOPMENT AGENCY PAYMENT FOR CONSTRUCTION OF STREET
AND LANDSCAPING IMPROVEMENTS ON GARVEY AVENUE BETWEEN
THE WESTERLY CITY LIMIT AND THE EASTERLY CITY LIMIT
WHEREAS, the street and landscaping improvements will take place
at locations within and adjacent to the boundaries of Project Area
No. 1, as depicted in "Exhibit A"; and
WHEREAS, the street and landscaping improvements to be made
inside and in areas adjacent to Project Area No. 1 will improve the
area's traffic flow and pedestrian walkways, thus benefitting the
Project Area by increasing public safety; and
WHEREAS, the total Agency obligation for this project shall not
exceed Seven Million Dollars ($7,000,000).
NOW, THEREFORE, the Rosemead City Council resolves as follows:
Section 1. The City Council finds, determines and declares:
(a). That the payment by the Rosemead Redevelopment Agency for
the costs of construction on Garvey Avenue, as depicted
on "Exhibit All, is of benefit to Project Area No. 1.
This finding is based on the fact that the improvements
described above will improve traffic flow and pedestrian
safety to and from 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 maintains a General Fund surplus, the uncertainty of
continuing municipal revenue sources militates against
the.depletion of 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 26th dal( of February, 1991.
MAYOR
I hereby certify that the foregoing Resolution No. 91-9
ATTEST: was duly and regularly adopted by the City Council of
the City of Rosemead at a regular meeting thereof held
on the 26th day of February, 1991, by the following vote:
Y CLERK
Yes: Taylor, McDonald, Bruesch, Imperial
No: None Absent: None Abstain: None
CZ./ L
C CLERK
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` RESOLUTION 91-9
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:X c; { ~'eM ~ \ I Street and'.Landscaping
z_I \ Improvements on
t ~,L • Garvey Avenue
Montebello - CITY OF ROSEMEAD
1982