RES 97128 - Laserfiche WebLink

I N C-~ _ VR~ i E ~ LAUREL CREEK ESTATES GRAD PLAN OF CONTROL Prepared By ENGEO Inc. For Presley Homes of Northern California August, 1997 I. AUTHORITY Under the authority of the California Public Resources Code (Division 17, commencing with Section 26500), the City of Pleasanton proposes to establish the Laurel Creek Estates Geologic __ Hazard Abatement District ("GRAD"). The 271-acre Laurel Creek Estates subdivision is located on anorth-facing slope bounded by Foothill Boulevard to the east and Dublin Canyon Road to _ the north, in Pleasanton, California (Figure 1). Access to the property is from either Foothill Boulevard or Dublin Canyon Road. Laurel Creek Estates is subdivided into __ 100 single-family residential lots and will be known as The Preserve. -- The primary source of funds for the GRAD will be assessments levied annually against each Lot (as that term is defined in Section II.C, below). These annual assessments will be collected - through the real property tax bill issued by the County of Alameda for each Lot. It is currently anticipated that levying of the assessments will commence in fiscal year 1997-98. As part of the - formation of the GRAD, the GRAD must budget not only for annual operating and maintenance costs, but also for reserves to be used to repair lazge-scale landslides which may occur relatively - infrequently. Assessments may be adjusted annually for inflation, and may also be adjusted from time to time to fund the reserves. The GRAD also has the power to raise money through the sale _- of bonds. If this power is exercised, the bonds will constitute a lien upon each single-family residential lot located within the GRAD. It is anticipated that bonds will be used only if a 4291-W2 July 17, 1997 _ Revised October 9, 1997 Revised October 22, 1997 1