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Resolution No. GHAD 23-139 <br /> Page 2 of 3 <br /> The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year by the <br /> Engineering News Record Construction Cost Index for the San Francisco Bay Area with a <br /> maximum adjustment of two percent. <br /> PROJECTED INCOME: <br /> Annual Income (12 Single-Family Residential Lots) $9,180.00* <br /> Open Space and Private Road Parcel $0.00 <br /> Interest Income: $1,400 <br /> TOTAL: $10,580.00* <br /> PROJECTED EXPENDITURE: <br /> Geologic and/or Geotechnical Engineering Consultant $2,987.00 <br /> Repair and maintenance (per Plan of Control) $5,757.00* <br /> City Review and Inspection $1,836.00 <br /> Reserve 0.00 <br /> TOTAL: $10,580.00* <br /> * Updated in comparison to Resolution No. GHAD 23-135 due to a calculation error <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 2023-24 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 GHAD. <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, on behalf of the City of Pleasanton, <br /> a Certification and Mutual Indemnification Agreement with the County of Alameda in order to <br /> 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. <br />