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Resolution No. GHAD 2024-147 <br />Page 2 of 3 <br />The foregoing rate shall be adjusted, <br />Engineering News Record Construction Cost <br />maximum adjustment of two percent. <br />PROJECTED INCOME <br />effective as of July 1 of each fiscal year by the <br />Index for the San Francisco Bay Area with a <br />Annual Income (12 Single -Family Residential Lots) <br />Open Space and Private Road Parcel <br />Interest Income: <br />TOTAL: <br />PROJECTED EXPENDITURE <br />Geologic and/or Geotechnical Engineering Consultant <br />Repair and maintenance (per Plan of Control) <br />City Review and Inspection <br />Reserve <br />TOTAL: <br />$9,360.00 <br />$0.00 <br />$1,400 <br />$10,760.00 <br />$2,987.00 <br />$25,500.00 <br />$1,836.00 <br /><$19.563.00> <br />$10,760.00 <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 <br />Lemoine Ranch 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 into, on behalf of the City of <br />Pleasanton, a Certification and Mutual Indemnification Agreement with the County of Alameda in <br />order to 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 />