CC - 1988-16 - Agency Payments for Walnut Grove Street ImprovementsRESOLUTION NO. 88-16
A RESOLUTION OF THE ROSEMEAD CITY COUNCIL
MAKING CERTAIN FINDINGS AND DETERMINATIONS
WITH RESPECT TO THE ROSEMEAD REDEVELOPMENT AGENCY
PAYMENT OF THE COSTS OF THE WALNUT GROVE AVENUE
(KLINGERMAN/RUSH) STREET IMPROVEMENT PROJECT
WHEREAS, the portion of Walnut Grove Avenue between Klingerman
Avenue and Rush Street depicted on Exhibit "A", attached hereto and
incorporated herein by this reference, lies within Project Area No.
1; and
WHEREAS, the project includes the removal and reconstruction of
the street, curb to curb, of Walnut Grove Avenue between Klingerman
Avenue and Rush Street as well as the reconstruction of the medians;
and
WHEREAS, the reconstruction of Walnut Grove Avenue will enhance
the flow of traffic within Project Area No. 1.
NOW, THEREFORE, the Rosemead City Council resolves as follows:
Section 1. The City Council hereby finds, determines and
declares as follows:
(a) The payment of the total project cost, currently
estimated to be Six Hundred and Fifty Thousand Dollars
($650,000) by the Rosemead Redevelopment Agency, is of
benefit to Project Area No. 1. This finding is based upon
the fact that the project will enhance and support the flow
of traffic which originates and terminates within 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 uncertainity of the economy and continuing
municipal revenue sources militates against the depletion of
the existing reserves.
Section 2. The City Clerk shall certify to the adoption of this
Resolution.
1988.
PASSED, APPROVED, and ADOPTED this Bch day of March
MAYOR
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CITY CLERK
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CITY OF ROSEMEAD
Montebello
1982
•
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF ROSEMEAD )
SS:
0
I, Janice Warner, City Clerk of the City of Rosemead, do hereby
certify that the foregoing Resolution was duly and regularly
adopted by the City Council of the City of Rosemead at a regular
meeting thereof held on the 8th day of March, 1988 by the
following vote:
YES: Cleveland, Bruesch,
NO: None
ABSENT: None
ABSTAIN: None
Imperial, McDonald, Taylor
G CLERK
E-41 (2)