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CC - Item 3B - Findings and Determinations with Respect to Redevelopment Agency Payment for Slurry Seal Project • RESOLUTION NO. 99-06 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT FOR THE FY 1998-99 SLURRY SEAL PROJECT ON VARIOUS STREETS WHEREAS, the application of emulsion slurry seal project will take place at locations within and adjacent to the boundaries of Project Area No. 1 as depicted in Exhibit "A"; and WHEREAS, the application of emulsion slurry seal project to be constructed in areas within and adjacent to Project Area No. 1 will improve the area aesthetically and structurally; and WHEREAS, the total Agency obligation for the project shall not exceed Seventy- Five Thousand Dollars ($75,000). NOW, THEREFORE, the Rosemead City Council resolves as follows: Section 1. The Rosemead City Council finds, determines, and declares: (a) The payment by the Rosemead Redevelopment Agency for the application of emulsion slurry seal on various streets within and adjacent to Project Area No. 1, as depicted in Exhibit"A", is of benefit to the Project Area. This finding is based on the fact that the street improvements made at the various locations indicated on Exhibit "A"will serve to improve the aesthetic appearance and infrastructure within and adjacent to Project Area No. 1. (b) That there are no other reasonable means of financing such buildings, facilities, structures or other improvements available to the community. Although the City has a General Fund surplus, the uncertainty of continuing municipal revenue sources militates against the depletion of the existing reserves until such time as revenue sources and major required expenditures are stabilized. (c) The payment by the Rosemead Redevelopment Agency for the specified application of emulsion slurry seal will eliminate blighting conditions within the project area by providing a "new" street appearance on roadways within and adjacent to the project area, thus enhancing the value of abutting properties. Section 2. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 9th day of February, 1999. MAYOR ATTEST: COUNCIL. AGENDA CITY CLERK FEB © 9 1999 ITEM No. C\1999RSMD\RESO\CITY\9B99 Slurry Seal Resolution w$E c �-4.. - r - n a=1 , . .4axJ kV li - e=. GOO ♦V • :•y1 fly,l 4 c.3 // 4j Lam. 1 tJ p�c - yam'^r 'a • ti-7,1 _1 hl4. i ,4111 iliiit s leg n a _ Vii /:, ry R I .0 9 IVALL_ a I 3 BLVD•1 A" •( vS4Vevs- RI tsjilt 11 : _ ';_ [I�n ze ''' c Tin" °21I .. 53a 11,. L4---1131 — yr:,l.' I 7� .:. " „3. .L rtr - +LEIS . 3 ' .„ — __. _ _ — �- ate, �7 'i 3 -L n T 1 114 FRWT ' i-\ -a-12-T- `�I_ :37.t.:. =all '-r II --; GARNET RI 2 I1:@1 :3 - g -AVt \ 3/ TP L„F st _ e . 4 E'L =pry • felon iv e a 9l y 1..e. I S a <e ] / �1 +1 RR I'11+14T�I / Si F -Ntt , L L, ` €. _� / IC' - �� —1 ( - 1n • :::/.771.,7/ : j 1:; / :- R POMONA ^