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LAW OFFICES <br />GILCHRIST 8a RIITTER <br />PROFESSIONAL COHI'ORATION <br />Mayor Jennifer Hosterman <br />Vice Mayor Cheryl Cook-Kallio <br />Councilmember Cindy McGovern <br />Councilmember Matt Sullivan <br />Councilmember Jerry Thorne <br />Pleasanton City Council <br />Mazch 25, 2009 <br />Page 3 <br />• Engage an inspector approved by the California Department of Real Estate (DRE) to <br />prepare a report on the infrastructure of the park to be used to determine the useful life of <br />the components; <br />• Fund for the future Homeowners Association the replacement reserves for the <br />depreciated portion of all common azea facilities that will require replacement in the <br />future; <br />• Obtain a Public Report from the DRE (inchiding a budget and reserve analysis); <br />• Establish a Homeowners Association, which must operate pursuant to the Davis- <br />Sterling Act. <br />California law allows park owners the right to subdivide their property, and provides all <br />mobilehome park residents the oppommity to purchase the land beneath their homes. These <br />residents aze being offered a choice to decide what is best for their families, and now the decision <br />to allow them that choice is in your hands. <br />If you have any questions about resident ownership and the conversion process please do <br />not hesitate to call or, if you prefer, we will be glad to meet prior to the Heazing to discuss any <br />concerns you may have. <br />Very truly yours, <br />GILCHRIST & RUTTER <br />Pro s 1 Corporation <br />Richazd H. Close <br />For the Firm <br />sEsf/I 10883 LDOC/03 V09 <br />a¢¢++o ooi - <br />~c: Michael H. Roush, Esq. <br />