RRA - Item 2 - Res. 97-28 Findings and Determinations with Respect to Redevelopment Agency Payment for Del Mar Sewer Collector RESOLUTION NO. 97-28
A RESOLUTION OF THE ROSEMEAD REDEVELOPMENT
AGENCY MAKING CERTAIN FINDINGS AND DETERMINATIONS
WITH RESPECT TO REDEVELOPMENT AGENCY PAYMENT
FOR THE DEL MAR SEWER COLLECTOR
WHEREAS, the sewer 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 sewer improvement project to be constructed in areas within and
adjacent to Project Area No. 1 will improve the area structurally; and
WHEREAS, the total Agency obligation for the project shall not exceed Four Hundred
Seventy-five Thousand Dollars ($475,000).
NOW, THEREFORE, the Rosemead Redevelopment Agency resolves as follows:
Section 1. The Rosemead Redevelopment Agency finds, determines, and declares:
(a) The payment by the Rosemead Redevelopment Agency for the Del Mar Sewer
Collector 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 sewer improvement made at the
location indicated on Exhibit "A" will serve to improve the 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 sewer
improvements will eliminate blighting conditions within the project area by correcting
existing sewer system deficiencies within and adjacent to the project area, thus
enhancing the value of abutting properties.
Section 2. The Agency Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 14th day of October, 1997.
CHAIRMAN
ATTEST:
AGENCY AGENDA
OCT 2 81997
AGENCY SECRETARY
ITEM No. -2.
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