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RESOLUTION NO. 2025-002 GHAD 2 <br />a) The corporate powers of the GHAD have not been used, there is a reasonable probability that <br />those powers will not be used in the future, and the district holds no significant liquid assets; <br /> <br />b) The board of directors, by resolution passed by unanimous vote of the directors, or by a <br />vote of the owners of more than 50 percent of the assessed valuation of the real property in <br />the district, approved the dissolution of the district; <br /> <br />c) The district has not levied or collected any assessments and holds no significant liquid <br />assets; and/or <br /> <br />d) The district has not substantially complied with a material condition of the resolution of <br />formation adopted by the legislative body. <br />NOW, THEREFORE, the Board of Directors of the Hillside Drive Geologic Hazard Abatement <br />District RESOLVE as follows: <br /> <br />1. Recitals. The Recitals set forth above are incorporated herein by reference as though fully set <br />forth at length herein. <br /> <br />2. Intent to Dissolve. The Hillside Drive Geologic Hazard Abatement District Board hereby declares <br />its intent to order the dissolution of the Hillside Drive Geologic Hazard Abatement District. <br /> <br />3. District Boundaries. The District's boundaries, as set forth in the Plan of Control dated <br />October 10, 2000, (Project No. 4867.1.002.01), are hereby dissolved. <br /> <br />4. Asset and Liability Distribution. There are no remaining assets and liabilities of the District. <br /> <br />5. Effective Date. The dissolution of the Hillside Drive Geologic Hazard Abatement District shall <br />become effective within ninety (90) of this Resolution, subject to approval by the owners of <br />more than 50 percent of the assessed valuation of the real property in the District. <br /> <br />Introduced by Director Aguilar and adopted by the Board of Directors of the Hillside Geologic <br />Hazard Abatement District on this 17th day of November 2025 by the following vote: <br /> <br />AYES: Director Aguilar, Azevedo, Boldt, Bowen, Simon, Viveros-Walton, and Chair González (7) <br /> <br />NOES: None (0) <br /> <br />ABSENT: None (0) <br /> <br /> <br />ATTEST: <br /> Sarah K. Bunting, CMC <br /> Acting as an authorized agent of the GHAD Board of Directors <br />