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Resolution No. GHAD-03-007 <br />Page Two <br /> <br />Section 3: <br /> <br />Section 4: <br /> <br />Section 5: <br /> <br />Section 6: <br /> <br />The Board hereby orders that the costs and expenses of maintaining and operating <br />the GHAD improvements shall be assessed against the property within the GHAD <br />benefited thereby. <br /> <br />The Board further confirms the assessments, as detailed in the above-referenced <br />report submitted by the General Manager, and orders that the amount of said <br />assessments levied against each parcel of property within the GHAD and benefited <br />thereby, shall be as follow: <br /> <br />Single Family Residential Lots <br />Tract 6400, 6590, 7045 <br />Parcels A, B, D, F, G, H, I, N & O Tract 6400 <br />Parcels A & B, Tract 6590 <br />City Water Reservoirs (2) <br /> <br />$300 per annum <br /> <br />$-0-perannum <br />$300 per annum <br /> <br />The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year, to <br />the Consumer Price Index for All Urban Consumers, All Items, San Francisco- <br />Oakland-San Jose Metropolitan Area (1982-84=100) published by the United <br />States Department of Labor, Bureau of Labor Statistics, or its successor index. <br /> <br />The Board fmther orders that the amounts set forth above shall be assessed against <br />the property within the GHAD for the 2003-2004 fiscal year and for subsequent <br />fiscal years. <br /> <br />The Board further orders that said assessments shall be levied and collected in the <br />following manner: <br /> <br />(a) The Clerk for the Board shall cause to be recorded a notice of assessments, as <br />provided for in Section 3114 of the California Streets and Highways Code, <br />whereupon the assessments shall attach as a lien upon the property, as provided in <br />said Section 3114 Streets and Highways Code. <br /> <br />(b) Thereafter, such assessments shall be payable at the same time and in the same <br />manner as general taxes on real property within the GHAD are payable. <br /> <br />(c) All funds generated by such assessments, and all interest earned thereon, shall <br />be kept segregated and in a separate account for the exclusive benefit of the Laurel <br />Creek Estates GHAD, and shall not be deemed at any time to constitute funds <br />credited to the city treasury. <br /> <br /> <br />