CC - Item 3E - Resolution No. 99-51 - Findings and Determinations with Respect to Redevelopment Agency Payment for Electrical Panel Conversions on San Gabriel Boulevard (Garvey/Hellman) I RESOLUTION NO. 99-51
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD MAKING
CERTAIN FINDINGS AND DETERMINATIONS WITH RESPECT TO REDEVELOPMENT
AGENCY PAYMENT FOR ELECTRICAL PANEL CONVERSIONS ON SAN GABRIEL
BOULEVARD (GARVEY/HELLMAN)
WHEREAS, the improvement 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 improvement project to be constructed in areas within and adjacent to Project
Area No. 1 will allow for the relocation of the overhead utility wires and poles to underground, thereby
enhancing the visual aesthetics along the San Gabriel Boulevard business corridor; and
WHEREAS, the total Agency obligation for the project shall not exceed One Hundred Thousand
Dollars ($100,000).
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 conversion of electrical
service panels 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 improvements made at the location
indicated on Exhibit"A"will serve to improve the infrastructure and improve aesthetics 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 improvements will
eliminate blighting conditions within the project area by allowing for the relocation of the electrical
wires from overhead to underground along 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 14th day of December , 1999.
MAYOR
ATTEST:
uUNC LAGENDA
CITY CLERK DEC 14 1999
•
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