GHAD RES 26-162 - Laserfiche WebLink

GRAD No. 26-162 Page 2 of 3 The foregoing rate shall be adjusted, effective as of July 1 of each fiscal year by the Engineering News Record Construction Cost Index for the San Francisco Bay Area with a maximum adjustment of two percent. PROJECTED INCOME: Annual Income (99 Single-Family Residential Lots) $13,761.00 Moller Ranch Water Reservoir Parcel $139.00 Open Space and Trailhead Parking Parcels $0.00 Interest Income: $1,700 TOTAL: $15,600.00 PROJECTED EXPENDITURE: Geologic and/or Geotechnical Engineering Consultant $7,260.00 Repair and maintenance (per Plan of Control) $6,140.00 City Review and Inspection $2,300.00 County Administration <$100.00> Reserve $0.00 TOTAL: $15,600.00 SECTION 5. The Board further orders that the amounts set forth above shall be assessed against properties within the GHAD for the 2026-27 fiscal year. SECTION 6. The Board further orders that said assessments shall be levied and collected in the following manner: (a) The City Clerk of the Board shall cause to be recorded a Notice of Assessments, as provided for in California Streets and Highways Code §3114, whereupon the assessments shall attach as a lien upon the properties, as provided in said Code. (b) Thereafter, such assessments shall be payable at the same time and in the same manner as general taxes on real property within the GHAD. (c)All funds generated by such assessments, and all interest earned thereon, shall be kept segregated and in a separate account for the exclusive benefit of the Moller Ranch GHAD, and shall not be deemed at any time to constitute funds credited to the City treasury. SECTION 7. The City Attorney is authorized to enter into, on behalf of the City of Pleasanton, a Certification and Mutual Indemnification Agreement with the County of Alameda in order to effectuate the collection of special taxes, assessments and fees on the Secured Tax Roll. SECTION 8. This Resolution shall become effective immediately upon its passage and adoption.