GHAD 04-009 - Laserfiche WebLink

Resolution No. GHAD-04-009 Page Two Section 3: Section 4: Section 5: Section 6: The Board hereby orders that the costs and expenses of maintaining and operating the GHAD improvements shall be assessed against the property within the GHAD benefited thereby. The Board further confirms the assessments, as detailed in the above-referenced report submitted by the General Manager, and orders that the amount of said assessments levied against each parcel of property within the GHAD and benefited thereby, shall be as follow: Single Family Residential Lots Tract 7176 Parcel A, Tract 7176 $500 per annum $-0- per annum The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year, to the Consumer Price Index for All Urban Consumers, All Items, San Francisco- Oakland-San Jose Metropolitan Area (1982-84=100) published by the United States Department of Labor, Bureau of Labor Statistics, or its successor index. The Board further orders that the amounts set forth above shall be assessed against the property within the GHAD for the 2004-2005 fiscal year and for subsequent fiscal years. The Board further orders that said assessments shall be levied and collected in the following manner: (a) The Clerk for the Board shall cause to be recorded a notice of assessments, as provided for in Section 3114 of the California Streets and Highways Code, whereupon the assessments shall attach as a lien upon the property, as provided in said Section 3114 Streets and Highways 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 are payable. (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 Lemoine Ranch Estates GHAD, and shall not be deemed at any time to constitute funds credited to the City treasury.