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Resolution No. 97-87 <br />Page Three <br /> <br /> (b) Thereafter, such assessments shall be payable at the same time and in <br /> the same manner as general taxes on real property within the CHAD are <br /> payable. <br /> <br /> (c) All funds generated by such assessments, and all interest earned <br /> thereon, shall be kept segregated and in a separate account for the exclusive <br /> benefit of the Moller Ranch CHAD, and shall not be deemed at any time to <br /> constitute funds credited to the City treasury. <br /> <br />Section 7: This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> <br /> I HEREBY CERTIFY THAT THE FOREGOING WAS DULY AND <br />REGULARLY ADOPTED BY THE CITY COUNCIL OF THE CITY OF <br />PLEASANTON, AT A MEETING HELD ON JULY 15, 1997 BY THE FOLLOWING <br />VOTE: <br /> <br />AYES: Boardmembers - Ayala, Dennis, Michelotti, Pico, and Chair Tarver <br />NOES: None <br />ABSENT: None <br />ABSTAIN: None <br /> ATTEST: <br /> <br /> L d'fo, l <br /> Moller Ranch CHAD <br /> <br />Michael H. Roush, Attorney for the <br />Moller Ranch CHAD <br /> <br /> <br />