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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 GHAD for the 2013-14 fiscal year aid 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 /> Highways 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 GHAD 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 Moller Ranch GHAD, and shall not be deemed at any time to constitute funds <br /> credited to the City treasury. <br /> SECTION 7. This resolution shall become effective immediately upoi 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 Moller Ranch Geologic Hazard Abatement District, at a meeting <br /> held on June 18, 2013. <br /> I, Karen Diaz, Clerk for the Moller Ranch GHAD, certify that the foregoing resolution was <br /> adopted by the Board of Directors at a meeting held on the 181h of June, 2013, by the following <br /> vote: <br /> Ayes: Boardmembers Brown, Cook-Kallio, Narum, Pentin, Mayor Thorne <br /> Noes: None <br /> Absent: None <br /> Abstain: None <br /> kti <br /> Karen Diaz, Clerk forth • <br /> Moller Ranch GHAD <br /> APPROVED AS TO FORM: <br /> Jo P. Lowell, General Counsel <br /> for the Moller Ranch GHAD <br />