RES 84176 - Laserfiche WebLink

Sewers The original sewer entitlement for Phase I of Hacienda Business Park by the City of Pleasanton was approximately 310,000 gallons per day ("GPD"). A portion of this entitlement has been alloted to buildings in Hacienda which have been completed, are under construction or which have been granted building permits. The remaining entitlement is expected to allow Phase I of Hacienda to proceed under its current development projections until 1985 or 1986, but will not be sufficient to allow total buildout of Hacienda. However, there is currently approximately lO0,O00 GPD of uncommitted sewer capacity within the City of Pleasanton which could be available to Hacienda Business Park. The Livermore-Amador Valley Water Management Agency (LAVWMA) is proposing a project to add 4.4 million GPD capacity, of which the City would be allocated one third. This project requires voter approval and will be submitted in the June 1984 elections. In summary, the existing sewer entitlement is expected to meet the needs of Hacienda until 1985 or 1986, although there is no guarantee that there will ultimately be sufficient sewer capacity to complete the build-out of Phase I. However, long term solutions for providing additional sewer entitlement to Hacienda are being studied by Prudential, CPP-Pleasanton and various governmental agencies. Documentation of these studies is available for inspection at the City. See also the section herein entitled "Bondowners' Risks". Property Tax Status Property taxes against the parcels in the District have been paid current through the first installment of the 1983/84 tax year. The North Pleasanton Assessment District All of the property in the Hopyard Road Assessment District is within the boundaries of a proposed larger assessment district known as the North Pleasanton Improvement District ("the NPID"), which is being formed to finance major traffic improvements in the North Pleasanton area. Said public improvements, which are expected to be constructed in phases over the next twelve years to coincide with the development of properties in the NPID, include freeway interchanges, off-ramps, additional traffic lanes and major thoroughfare access roads. The installation of these major traffic improvements is being required by the City as a prerequisite for the development of the properties included in the NPID. It is anticipated that assessment bonds will be issued in series over the next seven to ten years to finance the proposed traffic improvements for the NPID. Said bonds, which will be issued pursuant to the 1915 Act, will create a lien against each property within the NPID for that property's proportionate share of the traffic improvements for the NPID. The property in the NPID and surrounding areas (including the Hopyard Road Assessment District) is also subject to additional assessments for other public improvements required for the development of the property. The lien against the property within the Hopyard Road Assessment District created to finance the NPID improvements and any other public improvements will be in a -21 -