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Tract 6400 (Parcels A, B, D, F, G, H, I, K, N & O) <br />Tract 6590 (Parcels A & B) <br />Tract 6951 (Parcels B, D) <br />Tract 7045 (Parcel A) <br />City Water Reservoirs: $432 per annum <br />Tract 6400 (Portion of Parcel B and Parcel L) <br />The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year by the Engineering <br />News Record Construction Cost Index for the San Francisco Bay Area with a maximum <br />adjustment of two percent. <br />PROJECTED INCOME: <br />Annual Income (119 Single-Family Residential Lots) $51,408.00 <br />2 Laurel Creek Water Reservoir Parcels $864.00 <br />Remaining Parcels $0.00 <br />Interest Income: $13,000 <br />TOTAL: $65,272.00 <br />PROJECTED EXPENDITURE: <br />Geologic and/or Geotechnical Engineering Consultant $30,210.00 <br />Repair and maintenance (per Plan of Control) $59,100.00 <br />City Review and Inspection $4,478.00 <br />County Administration <$783.00> <br />Reserve <$27,733.00> <br />TOTAL: $65,272.00 <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 2024-25 fiscal year. <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 the Laurel <br />Creek GHAD, and shall not be deemed at any time to constitute funds credited to <br />the City treasury. <br />Page 8 of 18