CC - 1986-05 - Street Reconstruction ProjectsRESOLUTION NO. 86-5
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS
WITH RESPECT TO CERTAIN STREET RECONSTRUCTION PROJECTS
WHEREAS, that portion of Prospect Avenue as depicted on
Exhibit "A", attached hereto and incorporated by this reference
lies westerly of Project Area No. 1; and
WHEREAS, improvement of this street will accommodate:.increas-
ing traffic volume.through the network of streets that have
already been improved with redevelopment financing.
NOW, THEREFORE, the City Council of the City of Rosemead
resolves as follows:
SECTION 1. The City Council finds, determines and declares:
(a) The payment by the City of Rosemead of the
costs of improving (new pavement, right-of-way, repair
of curbs, gutters and sidewalks, as necessary) that
portion of Prospect Avenue as depicted on Exhibit "A",
is of benefit to Project Area No. 1. This finding is
based upon the fact the.named street will join a network
of improved streets leading to Project Area No. 1, thus
providing improved traffic flow for cars 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 sources militates against
the depletion of the existing reserves until such time
as revenue sources are permanently stabilized.
SECTION 2. The City Clerk shall certify to the adoption
of this Resolution.
1986.
PASSED, APPROVED and ADOPTED this 28th day of January ,
ATTEST:
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l~T MAYOR
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City Perk