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CC - 1991-43 - Agency Payment for Pavement Management UpdateRESOLUTION NO. 91-43 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR PORTIONS OF THE PAVEMENT MANAGEMENT SYSTEM UPDATE WHEREAS, the Infrastructure Management Report, as adopted by the Rosemead City Council on August 30, 1988, identifies and prioritizes all streets in the Pavement Management System element by major or minor maintenance for a 5-year capital improvement program; and WHEREAS, the 5-year capital improvement program will be completed in Fiscal Year 91-92; and WHEREAS, the Pavement Management System update will provide the basis for a new 5-year maintenance and improvement program. WHEREAS, the total Agency obligation for the project shall not exceed Fourteen Thousand Three Hundred Fifty Dollars ($14,350). 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 portions of the cost of updating the Pavement Management System element of the Infrastructure Management Report for streets inside 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 by updating the Pavement Management System element, the effectiveness of the program can be maintained throughout succeeding years by reducing maintenance costs and enhancing 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 23rd day of JUT- . ATTEST: ITY CLERK I hereby certify-Ahat the foregoing Resolution No. 91-43 was duly and regularly adopted by the City Council of the City of Rosemead at a regular meeting thereof held on the 23rd day of July, 1991, by the following vote: Yes: Imperial, No: None Absent: Bruesch, Abstain: None Clark, McDonald Taylor l.~a C CLERK r,. ~~.C~~o~. 1~ rl u,~ I~~~ i l 1,b ~ "c2. ,~`aJ ~ i•I~~-~ x~: _ Tem le City - I. 5k* H IJIC f~~ ~Q .:o.~' I 165. Syr n Gab Oel (11 II I :.:q r III e. L - i Imo;; r EI Monte' :UPI y I 'k Montebello South Resolu r Pavement System I I i - - Imes L L aU, e., El Monte I-__- i ~ I E .._MJr Lion 91-43 Management Update CITY OF ROSEMEAD 1982