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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 2016-17 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 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 Oak Tree Farm GHAD, and shall not be deemed at any time to constitute <br /> funds credited to the City treasury. <br /> SECTION 7. The City Attorney is authorized to enter into on behalf of the City of <br /> Pleasanton a Certification and Mutual Indemnification Agreement with the County of Alameda in <br /> order to effectuate the collection of special taxes, assessments and fees on the Secured Tax <br /> Roll. <br /> SECTION 8. 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 21, 2016. <br /> I, Karen Diaz, Clerk for the Oak Tree Farm GHAD, certify that the Board of Directors at a <br /> meeting held on the 21st of June, 2016, by the following vote, adopted the foregoing resolution: <br /> Ayes: <br /> Noes: <br /> Absent: <br /> Abstain: <br /> Karen Diaz, Clerk for the <br /> Oak Tree Farm GHAD <br /> APPROVED AS TO FORM: <br /> Daniel G. Sodergren, General Counsel <br /> for the Oak Tree Farm GHAD <br />