GEOLOGIC HAZARD ABATEMENT DISTRICT

Tract 6951 (Lots 1 to 12) Open Space, Access, or Private Park Parcels: $0 per annum Tract 6400 (Parcels A, B, D, F, G, H, I, K, N & 0) Tract 6590 (Parcels A & B) Tract 6951 (Parcels B, D) Tract 7045 (Parcel A) City Water Reservoirs: $400 per annum Tract 6400 (Portion of Parcel B and Parcel L) The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year, to not more than the Engineering News Record Construction Cost Index for the San Francisco Bay Area. SECTION 5. The Board further orders that the amounts set forth above shall be assessed against the property within the GHAD for the 2020-21 fiscal year and for subsequent fiscal years subject to annual adjustment. SECTION 6. The Board further orders that said assessments shall be levied and collected in the following manner: (a) The City Clerk of the Board shall cause to be recorded a Notice of Assessments, as provided for in California Streets and Highways Code §3114, whereupon the assessments shall attach as a lien upon the property, as provided in said Code. (b) Thereafter, such assessments shall be payable at the same time and in the same manner as general taxes on real property within the GHAD. (c)All funds generated by such assessments, and all interest earned thereon, shall be kept segregated and in a separate account for the exclusive benefit of the Laurel Creek Estates GHAD, and shall not be deemed at any time to constitute funds credited to the City treasury. SECTION 7. The City Attorney is authorized to enter into, on behalf of the City of Pleasanton, a Certification and Mutual Indemnification Agreement with the County of Alameda in order to effectuate the collection of special taxes, assessments and fees on the Secured Tax Roll. SECTION 8. This Resolution shall become effective immediately upon its passage and adoption.