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CITY COUNCIL OF THE CITY OF PLEASANTON AS BOARD OF DIRECTORS OF THE OAK TREE FARM GEOLOGIC HAZARD ABATEMENT DISTRICT RESOLUTION NO. A RESOLUTION DECLARING THE BOARD'S INTENTION TO APPROVE ASSESSMENTS WITHIN THE OAK TREE FARM GEOLOGIC HAZARD ABATEMENT DISTRICT WHEREAS, on November 15, 1994, the City Council of the City of Pleasanton adopted Resolution No. 94-135, approving the formation of a geologic hazard abatement district ("GRAD") for the Oak Tree Farm project area and appointing the City Council as the Board of Directors for the CHAD; 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 GRAD 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 GHAD 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 CHAD, 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 OAK TREE FARM 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 GHAD as set forth in Exhibit "A", including the estimated GRAD budget for the 2007-08 fiscal year set forth therein. SECTION 2. The Board hereby declares its intention to order that the costs and expenses of maintaining and operating the GHAD improvements shall be assessed against the property within the GHAD benefited thereby. SECTION 3. The Board hereby further declares its intention to assess against the property within the GHAD, for the 2007-08 fiscal year and for subsequent fiscal years, such amounts as set forth in Exhibit "A".