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Open Space Parcels: $0 per annum Tract 6563 (Parcels A and C) Sewage Lift Station Parcel: $348.00" per annum Tract 6748 (Grant Deed by separate instrument) The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year by the Engineering News Record Construction Cost Index for the San Francisco Bay Area with a maximum adjustment of two percent. PROJECTED INCOME: Annual Income (41 Single-Family Residential Lots) $14,268.00* Sewage Lift Station Parcel $328.00* Open Space Parcels $0.00 Interest Income: $1,000.00 TOTAL: $15,596.00* PROJECTED EXPENDITURE: Geologic and/or Geotechnical Engineering Consultant $6,180.00 Repair and maintenance (per Plan of Control) $7,572.00* City Review and Inspection $1,844.00 Reserve $0.00 TOTAL: $15,596.00* * Updated in comparison to Resolution No. GHAD 23-136 due to a calculation error SECTION 5. The Board further orders that the amounts set forth above shall be assessed against the property within the GHAD for the 2023-24 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 Oak Tree Farm GHAD,and shall not be deemed at any time to constitute funds credited to the City treasury.