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d) Residents of"The Preserve" sought an explanation of the prior annexation to the Laurel Creek GHAD of the Kolb Ranch and Oak Hill Estate developments due to concerns that those annexed areas appeared to have much steeper slopes, and thought that a higher risk was thus assumed by the Laurel Creek GHAD. The City's geotechnical consultant, ENGEO, brought geotechnical maps from The Preserve, Kolb Ranch, and Oak Hill Estates, to show that while the annexed areas appear steeper, there are more documented landslide and earth movement risks within The Preserve, such that the respective risks are equivalent. In addition, because the areas have similar improvements needing the same type of maintenance and monitoring, the assessments for all 121 properties in the Laurel Creek GHAD are the same. e) Residents had general questions about what type of landslide would be repaired with GHAD reserve funds. They were advised that landslides in the open spaces not threatening structures, roads or utilities would generally be left in their natural condition; landslides creating such threats would be repaired. Residents were further advised that if reserve funds were not sufficient, an additional assessment could be proposed; and GHAD law also allows for bond funding by assessments. f) In response to questions, staff explained that insurance for landslides was not available to private property owners, or to GHADs, and hence the need for reserve funds to accumulate by the GHAD assessments. Staff did not schedule another meeting this year as staff feels that the questions were answered in previous years and there were no public inquiries in the past year; however, staff will be scheduling meetings in the coming fiscal year. A public notice will be sent to all the residents within each of the GHADs notifying them that this staff report is available on the City's website (in addition to the normal postcard noticing information). Any questions that arise from the residents reading the staff report will be addressed in the June 19, 2018 agenda report. Submitted by: Fiscal Review: Approved y: 4/1 Stephen ir;patrick Tina Olson Nelson Fialho Director o ngineering Director of Finance City Manager Attachment: 1. Resolution — Laurel Creek Estates 2. Resolution — Lemoine Ranch Estates 3. Resolution — Moller Ranch 4. Resolution — Oak Tree Farm Page 6 of 6