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CC - 1986-27 - Widening of Overpass on Route 60• 0 RESOLUTION NO. 86-27 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO THE WIDENING OF THE OVERPASS ON ROUTE 60 AT SAN GABRIEL BOULEVARD WHEREAS, the San Gabriel Boulevard overpass is located in close proximity to Project Area No. 1; and WHEREAS, said overpass is a major accessway into and out of the area encompassed by Project Area No. 1 of the Rosemead Redevelopment Agency; and WHEREAS, the southeast area of the City which comprises Project Area No. 1 is currently experiencing traffic congestion during peak traffic hours, NOW, THEREFORE, the City Council of the City of Rosemead resolves as follows: SECTION 1. The City Council finds, determines and declares as follows: (a) The payment by the Rosemead Redevelopment Agency of the costs of design and construction of the widening of the overpass on Route 60 at San Gabriel Boulevard is of benefit to Project Area No. 1. This finding is based upon the fact that the overpass is a major accessway into and out of Project Area No. 1. (b) That the State of California has no funds available for this project. 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 continuing municipal revenue sources militates against the depletion of the existing reserves until such time as revenue sources are stabilized as the result of permanent State legislation and/or Constitutional amendment. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED and ADOPTED this 10th day of June , 1986. ATTEST: MAYOR CITY CLERK