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CC - 1985-42 - Reconstruction projectsRESOLUTION NO. 85-42 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO CERTAIN STREET RECONSTRUCTION PROJECTS WHEREAS, the portions of Columbia, Falling Leaf, Evelyn, Isabel and Stevens Streets, as depicted on Exhibit "A", attached hereto and incorporated by this reference, lie westerly of Project Area No. 1; and WHEREAS, improvement of these streets will accomodate increasing traffic volume through the network of streets that have already been improved with redevelopment financing. NOW, THEREFORE, the City Council of the 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) those portions of Columbia, Falling Leaf, Evelyn, Isabel and Stevens Streets, as depicted on Exhibit "A", is of benefit to Project Area No. 1. This finding is based upon the fact that the named streets will join a network of improved streets leading to Project Area No. 1, thus providing improved traffic flow for cars entering or 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. PASSED, APPROVED and ADOPTED this 24th day of September, 1985. MAYOR ATTEST: