RRA - Item 3 - 90-35 Allowing Redevelopment Agency Payment For Street And Storm Drain Improvements In Rosemead PlaceRESOLUTION NO. 90-35
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT AGENCY
MAKING CERTAIN FINDINGS AND DETERMINATIONS
WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR
STREET AND STORM DRAIN IMPROVEMENTS ON ROSEMEAD PLACE
FROM GARVEY AVENUE TO FOUR-HUNDRED (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 for improvements in FY 1990-91; and
WHEREAS, the scheduled street and storm drain improvements
scheduled on Rosemead Place, as depicted in "Exhibit A," will serve
to accommodate increasing traffic volumes 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 Seven-Hundred Thousand Dollars ($700,000).
NOW, THEREFORE, the Rosemead Redevelopment Agency finds,
determines, and declares:
(a). That the payment by the Rosemead Redevelopment Agency
for the costs of street and storm drain improvements on
Rosemead Place, as depicted in "Exhibit A," is of benefit to
Project Area No. 1. This finding is based on the fact that
the improvements described above will reduce maintenance
costs, enhance the flow of traffic, and improve the network of
storm drains existing currently in Project Area No. 1.
(b). That there are no other reasonable means of financing
such buildings, facilities, structures, 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 services and major
required expenditures are stabilized.
SECTION 2. The Agency Secretary shall certify to the adoption
of this resolution.
PASSED, APPROVED AND ADOPTED this 28th day of August, 1990.
CHAIRMAN
ATTEST:
AGENCY SECRETARY
AGENCY AGENDA
ADD 2 8 1990
ITEM No. 3-
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RRA Resolution No. 90-35
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Street & Storm Drain
.n~N - < Improvements Rosemead Pl.
(Garvey/North of Hershey)
CITY OF ROSEMEAD
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