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Resolution No. GHAD 25-153 <br /> Page 2 of 3 <br /> Tract 6590 (Parcels A& B) <br /> Tract 6951 (Parcels B, D) <br /> Tract 7045 (Parcel A) <br /> City Water Reservoirs: $441 per annum <br /> Tract 6400 (Portion of Parcel B and Parcel L) <br /> The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year by the <br /> Engineering News Record Construction Cost Index for the San Francisco Bay Area with <br /> a maximum adjustment of two percent. <br /> PROJECTED INCOME: <br /> Annual Income (119 Single-Family Residential Lots) $52,479.00 <br /> 2 Laurel Creek Water Reservoir Parcels $882.00 <br /> Remaining Parcels $0.00 <br /> Interest Income: $13,000 <br /> TOTAL: $66,361.00 <br /> PROJECTED EXPENDITURE: <br /> Geologic and/or Geotechnical Engineering Consultant $30,210.00 <br /> Repair and maintenance (per Plan of Control) $32,456.00 <br /> City Review and Inspection $4,478.00 <br /> County Administration <$783.00> <br /> Reserve $0.00 <br /> TOTAL: $66,361.00 <br /> SECTION 5. The Board further orders that the amounts set forth above shall <br /> be assessed against properties within the GHAD for the 2025-26 fiscal year. <br /> SECTION 6. The Board further orders that said assessments shall be levied <br /> and collected in the following manner: <br /> (a) The City Clerk of the Board shall cause to be recorded a Notice of Assessments, <br /> as provided for in California Streets and Highways Code §3114, whereupon the assessments <br /> shall attach as a lien upon the properties, as provided in said Code. <br /> (b) Thereafter, such assessments shall be payable at the same time and in the same <br /> manner as general taxes on real property within the GHAD. <br /> (c) All funds generated by such assessments, and all interest earned thereon, shall be <br /> kept segregated and in a separate account for the exclusive benefit of the Laurel Creek GHAD, <br /> and shall not be deemed at any time to constitute funds credited to the City treasury. <br />