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Resolution No. 95-107 <br />Page 2 <br /> <br />Section 4: The Board further confirms the assessments, as detailed in the above-referenced <br /> report submitted by the General Manager, and orders that the amount of said <br /> assessments levied against each parcel of property within the GHAD and <br /> benefitted thereby, shall be as follows: <br /> <br /> Single family Residential lots within <br /> Tract 6618 (Lots 1-99) $74.75 per annum <br /> *Lots A, B, C, D, E, F, G, H, and I, $ 0 per annum <br /> (*These lots are held in common by all <br /> 99 lot owners and are undeveloped.) <br /> <br /> The foregoing rate shall be adjusted, effective as of July 1 of each. fiscal year, to <br /> reflect any inflation. <br /> <br /> 5gS_Xj_q_q_5-: The Board further orders that the amounts set forth above shall be assessed <br /> against the property within the GHAD for the 1995-96 fiscal year and for <br /> subsequent fiscal years. <br /> <br /> Section 6: The Board further orders that said assessments shall be levied and collected in the <br /> following manner: <br /> <br /> (a) The Clerk of the Board shall cause to be recorded a notice of assessments, <br /> as provided for in Section 3114 of the California Streets and Highways Code, <br /> whereupon the assessments shall attach as a lien upon the property, as provided <br /> in said Section 3114 Streets and Highways Code. <br /> <br /> (b) Thereafter, such assessments shall be payable at the same time and in the <br /> same manner as genera/taxes on real property within the GHAD are payable. <br /> <br /> (c) All funds generated by such assessments, and all interest earned thereon, <br /> shall be kept segregated and in a separate account for the exclusive benefit of the <br /> Moller Ranch GHAD, and shall not be deemed at any time to constitute funds <br /> credited to the City treasury. <br /> <br /> Section 7: This resolution shall become effective immediately upon its passage and adoption. <br /> <br /> <br />