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share of the Oak Tree Farm assessment ($258), a share of the Moller Ranch assessment ($98), and two shares of the Laurel Creek Estates assessment ($680 annually). Staffs cost to administer these Districts will continue to be funded by the assessments. BACKGROUND GHAD Purposes and Description Geologic Hazard Abatement Districts (GHADs) are State authorized districts which can be formed for the purpose of prevention, mitigation, abatement or control of a geologic hazard. A "geologic hazard is an actual or threatened landslide, land subsidence, soil erosion, or other natural or unnatural movement of land. The GHAD assess landowners for operation and maintenance of improvements covered under the GHAD. These assessments are collected at the same time and in the same manner as property taxes. Existing GHADs within the City of Pleasanton At the request of residential property developers, the City formed four GHADs: Oak Tree Farm, Moller Ranch, Laurel Creek Estates (The Preserve, Oak Hill Estates and Kolb Ranch Estates) and Lemoine Ranch Estates. The Oak Hill Estates subdivision and the Kolb Ranch Estates subdivision were both annexed into the Laurel Creek GHAD after the formation of the original district; those annexations occurred on August 1, 2000 and July 20, 2004 respectively. All of the four existing GHADs are located on the west side of Foothill Road and in areas where potential geologic hazards exist. THIS YEAR'S PROPOSED ASSESSMENTS Oak Tree Farm An Engineer's Report for the Oak Tree Farm GHAD has been prepared. It concludes that funding is needed for the following on -going special services for properties within this GHAD: cleaning of retention basins, site inspections, erosion stabilization, preparation of the Engineer's Report, and City administrative costs. This year, the parcel assessment is proposed to remain the same as last year, $275. There is no adjustment for inflation this year because the index used for adjustments has no reported change. With 42 properties within the GHAD, including the City -owned sanitary sewer pump station, this year's budget will remain at $11,550. Currently, the Oak Tree Farm GHAD has a fund reserve of $46,034; this reserve is to be used to pay for landslide repair work, which the original Plan of Control estimated would be needed approximately every ten years. This reserve is slowly being replenished because over the last several years the majority of the reserve funds were used to complete erosion repairs along the fire trail within the covered area. Damage resulting from an earthquake is specifically exempted from coverage by the GHAD. 2 The index is the Engineer News Record Construction Code Index for the San Francisco Bay Area. Page 2 of 6