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The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year, to the <br /> Engineering News Record Construction Cost Index for the San Francisco Bay Area. <br /> SECTION 5. The Board further orders that the amounts set forth above shall be <br /> assessed against the property within the CHAD for the 2013-14 fiscal year and for subsequent <br /> fiscal years. <br /> SECTION 6. The Board further orders that said assessments shall be levied and <br /> collected in the following manner: <br /> (a) The City Clerk of the Board shall cause to be recorded a notice of <br /> assessments, as provided for in Section 3114 of the California Streets and <br /> Highway Code, whereupon the assessments shall attach as a lien upon the <br /> property, as provided in said Section 3114 Streets and Highways Code. <br /> (b) Thereafter, such assessments shall be payable at the same time and in the <br /> same manner as general taxes on real property within the CHAD are payable. <br /> (c) All funds generated by such assessments, and all interest earned thereon, <br /> shall be kept segregated and in a separate account for the exclusive benefit of <br /> the Oak Tree Farm CHAD, and shall not be deemed at any time to constitute <br /> SECTION 7. This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton, <br /> as the Board of Directors of the Oak Tree Farm Geologic Hazard Abatement District, at a <br /> meeting held on June 18, 2013. <br /> I, Karen Diaz, Clerk for the Oak Tree Farm CHAD, certify that the Board of Directors at a <br /> meeting held on the 18`" of June, 2013, by the following vote, adopted the foregoing resolution: <br /> Ayes: Boardmembers Brown, Cook-Kallio, Narum, Pentin, Mayor Thorne <br /> Noes: None <br /> Absent: None <br /> Abstain: None <br /> a <br /> are Diaz, Clerk for thb <br /> Oak Tree Farm CHAD <br /> APPROVED AS TO FORM: <br /> Jo t P. Lowell, General Counsel <br /> for the Oak Tree Farm CHAD <br />