RRA - Item 4 - 90-45 Allowing Redevelopment Agency Payment For Construction And Construction Observation On Valley Boulevard Between Charlotte And Muscatel AveRESOLUTION NO. 90-45
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH
RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR CONSTRUCTION AND
CONSTRUCTION OBSERVATION ON VALLEY BOULEVARD BETWEEN
CHARLOTTE AVENUE AND MUSCATEL AVENUE FOR CONVERSION OF THE
CONSUMER SIDE ELECTRICAL PANELS
WHEREAS, the Infrastructure Management Report, as adopted by the
Rosemead City Council on August 30, 1988, identifies and prioritizes
a underground district for Valley Boulevard which includes electrical
panels in Fiscal Year 1990-91; and
WHEREAS, the scheduled conversion of the consumer side
electrical panels on Valley Boulevard between Charlotte Avenue and
Muscatel Avenue, as depicted in Exhibit "A", will serve to
accommodate the underground district; and
WHEREAS, the total Agency obligation for this project shall not
exceed Twenty Thousands Dollars ($20,000).
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 construction and construction observation on
Valley Boulevard for the conversion of the consumer side
electrical panels, 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
underground distr.:t 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.
MAYOR
ATTEST:
AGENCY SECRETARY
AGENCY AGENDA
OCT z 3 1990
ITEM No.