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CITY COUNCIL OF THE CITY OF PLEASANTON AS BOARD OF DIRECTORS OF THE LAUREL CREEK ESTATES GEOLOGIC HAZARD ABATEMENT DISTRICT RESOLUTION NO. A RESOLUTION DECLARING THE BOARD'S INTENTION TO APPROVE ASSESSMENTS WITHIN THE LAUREL CREEK ESTATES GEOLOGIC HAZARD ABATEMENT DISTRICT WHEREAS, on November 18, 1997, the City Council of the City of Pleasanton adopted Resolution No. 97-135, approving the formation of a geologic hazard abatement district ("CHAD") for the Laurel Creek Estates project area and appointing the City Council as the Board of Directors for the CHAD; and WHEREAS, on August 1, 2000, the City Council of the City of Pleasanton adopted Resolution No. 00-102 approving annexation of territory to the Laurel Creek Estates Geologic Hazard Abatement District; and WHEREAS, on July 20, 2004, the City Council of the City of Pleasanton adopted Resolution No. GHAD 04-010 approving a second annexation of territory to the Laurel Creek Estates Geologic Hazard Abatement District; and WHEREAS, in order to defray the costs and expenses of maintaining and operating GHAD improvements, it is necessary to provide a reliable source of CHAD funding; and WHEREAS, Public Resources Code Section 26650 et seq. authorizes, after a public hearing, the levy and collection of assessments upon benefited property within the CHAD to pay for the maintenance and operation of CHAD improvements; and WHEREAS, attached hereto as Exhibit "A" is a report prepared for the Board which sets forth the estimated budget for the 2007-08 fiscal year, the proposed estimated assessments to be levied each fiscal year against each parcel of property benefited within the GHAD, and a description of the method used in calculating the estimated assessments; and WHEREAS, the Board has reviewed and considered said report. NOW, THEREFORE BE IT RESOLVED THAT THE BOARD OF DIRECTORS OF THE LAUREL CREEK ESTATES GEOLOGIC HAZARD ABATEMENT DISTRICT DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: SECTION 1. The Board hereby approves the report by the Engineer for the CHAD as set forth in Exhibit "A", including the estimated CHAD budget for the 2007-08 fiscal year set forth therein.