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site, this year's projected revenue will be $12,700. The anticipated operational expenses this year will total $10,594, leaving $2,106 to be deposited into the fund reserve. As of May 1, 2017, the Moller Ranch GHAD has a fund reserve balance of $121,672. This reserve is for the repair of landslides, hillside slopes and drainage facilities, as may be necessary in the future, based on estimate of significant earth movement events discussed in the original Plan of Control for this GHAD. These reserves can also be used for the eventual replacement infrastructure should it become necessary. Should a significant event occur this reserve amount is likely inadequate to cover the cost of needed repairs. Laurel Creek Estates The Engineer's Report for the Laurel Creek Estates GHAD concludes that funding is needed for the following special services for properties within this GHAD: 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, staff recommends maintaining the current parcel assessment of $392. There are 121 properties within the GHAD (102 in Laurel Creek Estates, including the two City-owned water reservoir sites, the 7 in Oak Hill Estates and the 12 in Kolb Ranch Estates). This year's projected revenue will be $54,432. The anticipated operational expenses this year will total $40,133, leaving $14,299 to be deposited into the fund reserve. As of May 1, 2017, the Laurel Creek Estates GHAD has a fund reserve of $796,380. The reserve assumes the potential for a significant repair of the hillside slopes once every ten years. These reserves can also be used for the eventual replacement of slope stabilization infrastructure should it be necessary. Based upon some experience with the cost of landslide repairs in this area west of Foothill Road, staff believes this reserve amount to be more appropriate but is still concerned about whether it will actually cover the cost of needed repairs should a significant landslide occur. Lemoine Ranch Estates The Engineer's Report for the Lemoine Ranch Estates GHAD concludes that funding is needed for the following special services for properties within this GHAD: inspection and repair of the surface drainage improvements such as the concrete v-ditches and storm drain outlets, 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 year staff recommends increasing the annual parcel assessment by the allowed two percent to $679. With 12 properties within the GHAD, this year's projected revenue will be $8,748. The anticipated operational expenses this year will total $7,211, leaving $1,537 to be deposited into the fund reserve. As of May 1, 2017, the Lemoine Ranch Estates GHAD has a fund reserve balance of $77,982. This reserve is for the repair of landslides, hillside slopes and drainage facilities, as may be necessary in the future, based on estimates of significant earth movement events discussed in the original Plan of Control for this GHAD. These Page 4 of 6