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In fact, this same concern was raised earlier last year by a board member and <br /> the manager of The Preserve Home Owners Association. Staff and the <br /> geotechnical consultant met with these persons, reviewed the landslide maps <br /> which showed equivalent risk, and also explained the annexation process <br /> whereby the parcels annexing to the existing Laurel Creek GHAD each had to <br /> pay a proportional share of the then existing reserve balance to be fair to the <br /> property owners who had been paying assessments for a longer time period. <br /> e) Residents had general questions about what type of landslide would be repaired <br /> with GHAD reserve funds. They were advised that landslides in the open spaces <br /> not threatening structures, roads or utilities would generally be left in their natural <br /> condition. And, landslides creating such threats would be repaired. Residents <br /> were further advised that if reserve funds were not sufficient, an additional <br /> assessment could be proposed; and GHAD law also allows for bonding funded <br /> by assessments. <br /> f) In response to questions, staff did explain that insurance for landslides was not <br /> available to private property owners, or to GHADs, and hence the need for <br /> reserve funds to accumulate by the GHAD assessments. <br /> Staff feels that most of the questions were answered to the satisfaction of residents last <br /> year and consequently did not schedule another meeting this year. A public notice will <br /> be sent to all the residents within each of the GHADs notifying them that this staff report <br /> is available on the City's website (included with the normal postcard noticing <br /> information). Any questions that arise from the residents reading the staff report will be <br /> addressed in our June 21, 2011 staff report. <br /> Submitted,by: Fiscal Review: Approved by: <br /> Brian D an Emily Wagner Nelson Fialho <br /> Director of Director of Finance City Manager <br /> Community Development <br /> Attachments: <br /> 1. Resolution — Oak Tree Farm <br /> 2. Resolution — Moller Ranch <br /> 3. Resolution — Laurel Creek Estates <br /> 4. Resolution — Lemoine Ranch Estates <br /> Page 5 of 5 <br />