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comfortable that all the work is actually being done and did not know how to verify that. She was also concerned that the homeowners association is not aware of what it is getting into. Mayor Tarver also had doubts about the homeowners association. Ms. Dennis indicated that is why firms like LSA are hired to monitor mitigation programs. Signature Properties is responsible for constructing the habitat and weftands, not the homeowners association. Ms. Lutz said that is true, but the homeowners association is responsible for maintcrmnce. Mayor Tarver asked if the estimate in the budget of the homeowners association is sufficient to handle its responsibilities. Ms. Seto explained that the homeowners association is required to provide annual reports on the tiger salamander. Signature Properties has provided funding to pay for the reports. It is estimated to cost $5,000 per year and Signature has provided $10,000 for the costs. There is also a $45,000 contingency fund in the event any type of maintenance work is required. The wetlands maintenance for the first five years is to be done by Signature Properties. Any costs would be borne by Signature Properties and that is covered by a cash deposit with the City- of Pleasanton. Ms. Michelotti said thc homeowners association will not have to pay for the annual reports because the funds are in the bank. It just has to provide the reports. Mayor Tarver asked what mitigations would be covered by the $45,000? Ms. Seto said there is a contingency fund in the event the report requires extra work. Signature Properties is responsible for the on-going maintenance. Mr. S~vift indicated the Ruby Hill Homeowners Association is not the usual small homeowners association that maintains a pool or some common area. It is responsible for the roads in the entire subdivision, acres of landscaping, a ten-acre park, the pool, cabana club, and the habitat area. The habitat is a very small mount of the total on- going expense of this association. Ms. Lutz presented a copy of her presentation and a map of the ponds. She said Fish and Game is very interested in this project and she has been in communication with the Dcpar[mcnt for over a year, but people keep changing jobs and the new people have to start from the beginning. Jim McKeehan, Vice President and General Counsel for Signature Properties, did not believe it was complicatad to understand the environmental permits that are required. A 404 permit was obtained from the Army Corps of Engineers for the wetlands property. Pleasanton City Council 8 05/02/00 Minutes