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LAW OFFICES <br /> GILCHRIST RUTTER <br /> PROFESSIONAL CORPORATION <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 /> March 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 area facilities that will require replacement in the <br /> future; <br /> Obtain a Public Report from the DRE (including 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 opportunity to purchase the land beneath their homes. These <br /> residents are 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 Hearing to discuss any <br /> concerns you may have. <br /> Very truly yours, <br /> GILCHRIST RUTTER <br /> ProaS. Corporation <br /> Air A C) <br /> Richard H. Close <br /> For the Firm <br /> sf:sf/ 170883_1.D0C/031709 <br /> 4940 001 <br /> ■Ec: Michael H. Roush, Esq. <br />