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The cash reserve for the District has not grown at a pace to cover some of the significant upcoming improvement costs due to the age of the development and the maintenance required for some of the mature trees. City staff continues to work closely with the maintenance contractor in order to reduce water use and to increase the efficiency of landscape maintenance operations, but an increase in the annual assessment will be necessary in the future in order to maintain the maintenance standards of the District. Lighting and Landscape District 1994-1, Oak Tree Farm Maintenance in this District includes the open space areas, entry features, firebreaks, trees, shrubbery, groundcover and irrigation systems. The assessment for the coming year for District 1994-1 (Oak Tree Farm) will remain at $473.66 per parcel per year. With a total of 42 parcels in the District (including one City-owned parcel, a sewer lift station), this year's total assessment will be $19,885.81. This amount will be sufficient to fund the maintenance of all common areas including water costs, county assessment fees, city administration fees and sets aside reserves in a replacement fund for the long-term replacement of plantings, irrigation systems, fencing, and other district improvements. The District will continue its reduction in water use by at least 25% in 2016-17. However, it is likely that an increase in the annual assessment will be necessary in the future in order to maintain the maintenance standards of the District. With the assessment of one city-owned parcel, the City will pay $465.75. Lighting and Landscape District 1995-1, Moller Ranch Maintenance in this District includes open space areas, entry features, firebreaks, trees, shrubbery, groundcover and irrigation systems. The assessment for the coming year for District 1995-1 (Moller Ranch) will remain at $570.06 per parcel per year. With a total of 101 parcels in the District (including two City-owned parcels, the Moller Ranch water tank and a staging area for Pleasanton Ridge), this year's total assessment will be $57,557. This amount will be sufficient to fund the maintenance of all common areas including water and electrical costs, county assessment fees, and City administration fees. The District will continue its reduction in water use by at least 25% in 2016-17. Although a fund balance of approximately $306,000 exists for this District, staff anticipates the need to increase the current assessment, as the District contains a number of improvements for which long-term replacement must be considered. A significant number of capital improvements are currently underway that will impact the fund balance. Future improvements consist of rock veneer entry walls (260 lineal feet), a masonry wall along Moller Ranch Drive (1200 lineal feet), an extensive irrigation system, decorative street lighting at the project entrance and other features. Staff met with the Moller Ranch Homeowners Association to discuss increased assessments to meet their capital improvement requirements and are working towards a vote on the increased assessment before the 2017-18 public hearing. Page 4 of 5