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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 & O) Tract 6590 (Parcels A& B) Tract 6951 (Parcels B, D) Tract 7045 (Parcel A) City Water Reservoirs: $424* 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 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(119 Single-Family Residential Lots) $50,456.00* 2 Laurel Creek Water Reservoir Parcels $783.00* Remaining Parcels $0.00 Interest Income: $13,000.00 TOTAL: $64,239.00* PROJECTED EXPENDITURE: Geologic and/or Geotechnical Engineering Consultant $7,210.00 Repair and maintenance (per Plan of Control) $44,344.00 City Review and Inspection $4,478.00 Reserve $8,207.00* TOTAL: $64,239.00* * Updated in comparison to Resolution No. GHAD 23-133 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)AII funds generated bysuch assessments, and all interest earned thereon, shall be kept segregated and in a separate account forthe exclusive benefit of the Laurel