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Tract 7176 (Parcel A) <br />The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year, to not more <br />than the 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 2022-23 fiscal year and for subsequent <br />fiscal years subject to annual adjustment. <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 California Streets and Highways Code §3114, <br />whereupon the assessments shall attach as a lien upon the property, as provided <br />in said 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 GRAD. <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 Lemoine <br />Ranch Estates GHAD, and shall not be deemed at any time to constitute funds <br />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 Roll. <br />SECTION 8. This Resolution shall become effective immediately upon its passage and <br />adoption.