CC - 1984-35 - Acquision and Development of Certain LA County Excess Property• r
RESOLUTION NO. 84-35
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS
WITH RESPECT TO THE ACQUISITION AND DEVELOPMENT OF
CERTAIN LOS ANGELES COUNTY EXCESS PROPERTY ADJACENT
TO GARVEY PARK
WHEREAS, Garvey Park is located in close proximity to
Project Area No. 1 of the Rosemead Redevelopment Agency; and
WHEREAS, additional parking is needed to serve those
residents of the City and Project Area No. 1 who use Garvey
Park.
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 acquiring the land described on
Exhibit "A" hereto and the development costs of the
parking lot project thereon is of benefit to Project
Area No. 1. This finding is based upon the fact that
Garvey Park is located in close proximity to Project
Area No. 1 and that the park serves the residents within_
and surrounding 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 uncertainity of
continuing municipal revenue sources militates against
the depletion of the existing reserves until such time
as revenue sources are more stable as the result of
permanent State legislation and/or Constitutional
amendment.
SECTION 2. The City Clerk shall certify to the adop-
tion of this Resolution.
PASSED, APPROVED and ADOPTED this 12th day of June ,
1984.
MAYOR
ATTEST:
TY CLER[