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CC - 1991-13 - Agency payment for street improvementsRESOLUTION NO. 91-13 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 IN HIGHCLIFF STREET (DEL MAR/WEST END), EVELYN AVENUE (VAN DORF/WASOLA), VAN DORF STREET (DEL MAR/EVELYN), WASOLA STREET (DEL MAR/EVELYN) AND GARVALIA AVENUE (DAROCA/EVELYN) WHEREAS, the Infrastructure Management Report as adopted by the Rosemead City Council on August 30, 1988, identifies and prioritizes various streets for improvements in FY 90-91; and WHEREAS, the improvements of those streets inside and adjacent to Project Area No. 1 as depicted in "Exhibit All, 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; and WHEREAS, the total Agency obligation for the project shall not exceed Nine Hundred Thousand Dollars ($900,000). NOW, THEREFORE, the Rosemead City Council finds, determines, and declares: (a). That the payment by the Rosemead Redevelopment Agency.for the costs of street improvements adjacent to Project Area No. 1, as depicted on "Exhibit All is of benefit to the project area. This finding is based on the fact that the streets depicted in "Exhibit All will reduce maintenance costs, and enhance traffic flow throughout a network of streets 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 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 ATTEST:' .cc:e WC?~-'~/ ITY CLERK. ADOPTED t th day o arch, 1991. MAYOR I hereby certify that the foregoing Resolution No. 91-13 was duly and regularly adopted by the City Council of the City of Rosemead at a regular meeting thereof held on the 12th day of March, 1991, by the following vote: Yes: Clark, McDonald, Bruesch, Imperial No: Taylor Absent: None Abstain: None CLERK i ,may` li~wl - EX* "A" [DO[ San Gabriel Temple City J~'` v" IR, R 3 r El Monte !UL! ~ 'k r s P 77 11 L[JIJ PO, z,~ I~ South EI MonteI . Lfi;] I ~ I I ~ +Et ° W RESOLUTION NO. 91-13 Montebello CITY OF ROSEMEAD 1982 J