RRA - Item 2 - 90-43 Allowing Redevelopment Agency Payment For Storm Drain Improvements in Rosemead PlaceRESOLUTION NO. 90-43
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND
DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY
PAYMENT FOR ENGINEERING DESIGN, DESIGN AND CONSTRUCTION
SURVEYING, CONSTRUCTION OBSERVATION AND CONSTRUCTION
ADMINISTRATION FOR STORM DRAIN IMPROVEMENTS IN
ROSEMEAD PLACE FROM GARVEY AVENUE TO 400 FEET
NORTH OF HERSHEY STREET
WHEREAS, the Infrastructure Management Report, as adopted by the
Rosemead City Council on August 30, 1988, identifies and prioritizes
various streets and storm drain improvements in Fiscal Year 1990-91;
and
WHEREAS, the scheduled storm drain improvements scheduled in
Rosemead Place from Garvey Avenue to 400 feet north of Hershey
Street; as depicted in Exhibit "A", will serve to accommodate the
storm drains and reduce maintenance costs throughout the network of
streets that have been improved previously with financing from the
Redevelopment Agency; and
WHEREAS, the total Agency obligation for this project shall not
exceed one Hundred and Thirty-one Thousand Dollars ($131,000).
NOW, THEREFORE, the Rosemead Redevelopment Agency resolves as
follows:
Section 1. The Redevelopment Agency finds, determines and
declares:
a). That the payment by the Rosemead Redevelopment Agency for
the costs of engineering services for storm drain
improvements on Rosemead Place, as depicted on Exhibit "A",
is of benefit to Project Area No. 1. This finding is based
on the fact that the improvements described above will
improve the network storm drain existing currently in
Project Area No. 1.
b). That there are no other reasonable means of financing such
buildings, facilities, structures, engineering services, or
other improvements available to the community. Although the
City maintains a General Fund surplus, the uncertainty of
continuing municipal revenue sources militates against the
depletion of existing reserves until such time as revenue
sources and major required expenditures are stabilized.
Section 2. The Agency Secretary shall certify to the adoption
of this resolution.
PASSED, APPROVED AND ADOPTED this 23rd day of October 1990.
CHAIRMAN
ATTEST:
AGENCY SECRETARY
AGENCY AGENDA
CCT 2 3 1990
ITEM No. 4.