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CC - 1986-06 - Storm Drain Projects. • RESOLUTION NO. 86-06 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO CERTAIN STORM DRAIN PROJECTS WHEREAS, the Fern-Walnut Grove Klingerman Storm Drain Project, Exhibit "A", attached hereto and incorporated by this reference lies within Project Area No. 1; and WHEREAS, improvements of this street will correct the flooding and nuisance water following 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 Redevelopment Agency of the cost of the installation of the storm drain as depicted on Exhibit "A", based upon the fact the named Project will be of benefit to Project Area No. 1, by joining a similar storm Drain Project in Project Area No. 1, thus enhancing the flow of surface water 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 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. PASSED, APPROVED and ADOPTED this 28th day of January 1986. MAYOR ATTEST: o CITY CLE K