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be necessary in the future, based on estimates of significant earth movement events <br /> discussed in the original Plan of Control for this GHAD. These reserves can also be used <br /> for the eventual replacement infrastructure should it become necessary. Should a <br /> significant event occur this reserve amount is likely inadequate to cover the cost of <br /> needed repairs. <br /> Laurel Creek Estates <br /> The Engineer's Report for the Laurel Creek Estates GHAD concludes that funding is <br /> needed for the following special services for properties within this GHAD: repair and <br /> maintenance of surface and subsurface drainage facilities, slope stabilization, erosion <br /> control, routine maintenance, site inspection, preparation of the Engineer's Report and <br /> City administrative costs. This year, staff recommends maintaining the current parcel <br /> assessment of $392. There are 121 properties within the GHAD (102 in Laurel Creek <br /> Estates, including the two City-owned water reservoirs, the 7 in Oak Hill Estates and the <br /> 12 in Kolb Ranch Estates). This year's projected revenue will be$52,432. The anticipated <br /> operational expenses this year will total $40,047, leaving $12,385 to be deposited into the <br /> fund reserve. <br /> As of May 3, 2016, the Laurel Creek Estates GHAD has a fund reserve of$749,771. The <br /> reserve assumes the potential for a significant repair of the hillside slopes once every ten <br /> years. These reserves can also be used for the eventual replacement of slope <br /> stabilization infrastructure should it become necessary. Based upon some experience <br /> with the cost of landslide repairs in this area west of Foothill Road, staff believes this <br /> reserve amount to be more appropriate, but is still concerned about whether it will actually <br /> cover the cost of needed repairs should a significant landslide occur. <br /> Lemoine Ranch Estates <br /> The Engineer's Report for the Lemoine Ranch Estates GHAD concludes that funding is <br /> needed for the following special services for properties within this GHAD: inspection and <br /> repair of the surface drainage improvements such as the concrete v-ditches and storm <br /> drain outlets, detection and mitigation of potential geologic hazards, slope stabilization, <br /> erosion control, routine maintenance, site inspection, preparation of the Engineer's <br /> Report and City administrative costs. This year staff recommends the annual parcel <br /> assessment be increased by the allowed two percent to $666. With 12 properties within <br /> the GHAD this year's projected revenue will be $8,492. The anticipated operational <br /> expenses this year will total $7,174, leaving $1,318 to be deposited into the fund reserve. <br /> As of May 3, 2016, the Lemoine Ranch Estates GHAD has a fund reserve balance of <br /> $72,780. This reserve is for the repair of landslides, hillside slopes and drainage facilities, <br /> as may be necessary in the future, based on estimates of significant earth movement <br /> events discussed in the original Plan of Control for this GHAD. These reserves can also <br /> be used for the eventual replacement infrastructure should it become necessary. Should <br /> a significant event occur this reserve amount is likely inadequate to cover the cost of <br /> needed repairs. <br /> Page 4 of 6 <br />