AGENDA - Laserfiche WebLink

administrative costs. This year, the parcel assessment has been increased 6.6 percent for inflation (based on the April 2009 Engineering News Record Construction Cost Index for the San Francisco Bay Area), from $98 to $104, including the City -owned water reservoir within the District. With 100 properties within the District, including the City owned water reservoir site, this year's budget will be $10,400. Currently, the Moller Ranch GHAD has a fund balance of $78,173 for the repair and maintenance of hillside slopes and drainage facilities, as may be necessary in the future. Laurel Creek Estates The Engineer's Report for the Laurel Creek Estates GHAD provides that funding is needed for the following: repair and maintenance of surface and subsurface drainage facilities, slope stabilization, erosion control, routine maintenance, site inspection, preparation of the Engineer's Report and City administrative costs. This year, the parcel assessment has been increased 6.6 percent for inflation (based on the April 2009 Engineering News Record Construction Cost Index for the San Francisco Bay Area) from $340 to $362, including the two City -owned water reservoirs within the District. With the addition of the Kolb Ranch Homes, there are 121 properties within the District (102 Laurel Creek Estates, including the two City -owned water reservoirs, the 7 annexed with Oak Hill Estates and the 12 properties annexed as the Kolb Ranch Estates). This year's budget will be $43,802. Currently, the Laurel Creek Estates GHAD has a fund balance of $481,398. At the time of initiation of this District, each homeowner was required to fund the GHAD in the amount of $1,000 per lot at the time of close of escrow. This condition was also imposed upon the Oak Hill Estates and Kolb Ranch Estates lots at the time they were annexed into the existing GHAD. The budget for this district assumes the potential for a significant repair of the hillside slopes once every ten years. Lemoine Ranch Estates The Engineer's Report for the Lemoine Ranch Estates GHAD provides that funding is needed for the following: inspection, repair of the surface drainage improvements such as the concrete v- ditches and storm drain outlets including detection and mitigation of potential geologic hazards, slope stabilization, erosion control, routine maintenance, site inspection, preparation of the Engineer's Report and City administrative costs. This will be the fourth year of assessments for the Lemoine Ranch Estates GHAD. The parcel assessment has been increased 6.6 percent for inflation (based on the April 2009 Engineering News Record Construction Cost Index for the San Francisco Bay Area) from $566 to $603. There are no City -owned parcels within this GHAD. With 12 properties within the District, this year's budget will be $7,236. The Lemoine Ranch Estates GHAD will have a fund balance of $39,101. (The developer was required to fund the GHAD in the amount of $1,000 per lot at the time of the final map approval.) Publicly Owned Parcels All benefited parcels, including the City -owned parcels, i.e. the sanitary sewer pump station parcel within Oak Tree Farms, the water reservoir parcel within Moller Ranch, and two water reservoir parcels within Laurel Creek, are considered assessable parcels, as required under Proposition 218. There are also a number of publicly owned parcels within the GHAD's that will not be assessed; since there are no improvements on these Page 4 of 5