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CC - 1985-14 - Supplemental Funding of Undergrounding of Utilitites on GarveyRESOLUTION NO. X5_14% A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY SUPPLEMENTAL FUNDING OF UNDERGROUNDING OF UTILITIES ON GARVEY AVENUE WHEREAS, the City of Rosemead and the Rosemead Redevelopment Agency have previously participated in the undergrounding of utility lines on Garvey Avenue; and WHEREAS, the undergrounding of the utilities will encourage the improvement and further development of the businesses located along the Garvey Avenue commercial corridor which serves as the gateway to and through Project Area No. 1; and WHEREAS, the proposed project will complete the under- grounding of utilities on Garvey Avenue in the City limits and throughout Project Area No. 1. NOW, THEREFORE, the City Council of the City of Rosemead resolves as follows: Section 1. The City Council hereby finds, determines and declares as follows: (a) The payment by the Rosemead Redevelopment Agency of the total cost, less Rule 20A funds utilized, of under- grounding utilities, as depicted on Exhibit "A" attached hereto and incorporated herein by this reference, is of benefit to Project Area No. 1. This finding is based upon the fact that the Garvey Avenue corridor is the gateway to and through Project Area No. 1; and (b) That there are no other reasonable means of financing such facilities and structures available to the community. Rule 20A funds earmarked for such undergrounding projects are insufficient to complete this project on a timely basis. Section 2. The City Clerk shall certify to the adoption~t'His Resolution. PASSED, APPROVED and ADOPTED this 8th, day of April , 1985. MAYOR ATTEST: CITYXLEKK PROJECT DESCRIPTION The undergrounding of.utility lines commencing at a point 130 feet east of Burton Avenue to the Easterly City boundaries and commencing at a point 57 feet West of Pine Street to the Westerly City boundaries; an approximate total of 6,320 linear feet.