04 ATTACHMENT 3 - Laserfiche WebLink

PAGE 19 other words, if the Maintenance District were required to construct and maintain the local curb and gutter, the budget would increase by at least 10%. The City of Pleasanton owns and maintains a storm drainage system along the border of the Maintenance District. This system serves to prevent flooding and associated damage to the Improvements, and manage urban runoff including local pollutants loading from the Improvements. The contribution from the City of Pleasanton toward general benefit from the maintenance, rehabilitation, and replacement of the local storm drainage system is conservatively estimated to be 10%, based upon the relative cost to construct and maintain this critical local infrastructure. In other words, if the Maintenance District were required to construct and maintain the local storm drainage system, the budget would increase by at least 10%. The City of Pleasanton owns and maintains local public streets throughout the Maintenance District. These public streets provide access to the Improvements for its enjoyment as well as efficient maintenance.The contribution from the City of Pleasanton toward general benefit from the maintenance, rehabilitation, and replacement of the local public streets is conservatively estimated to be 10%, based upon the relative cost to construct and maintain this critical local infrastructure. In other words, if the Maintenance District were required to construct and maintain the local public streets, the budget would increase by at least 10%. The value of the initial Improvements constructed by the Developer can be quantified and monetized as an annuity to be amortized. Since the initial Improvements were performed and paid for by non-assessment funds, this "annuity" can be used to offset general benefit costs, and is conservatively estimated to contribute 20%. In other words, if the Maintenance District were required to construct all the Improvements, the annual budget would increase by at least 20%. In other words,there is a 10.0% contribution needed to offset the general benefits conferred by the Improvements, and there is a 50% contribution from City of Pleasanton supporting local infrastructure, along with the amortized value of initial construction. This 50% contribution more than satisfies the general benefit requirements. The estimates used above for the City of Pleasanton's"in-kind," non-monetary contributions for the maintenance, rehabilitation and replacement of the curbs and gutters,storm drainage systems, local streets (the "supportive infrastructure"), and the value of the initial Improvements constructed by the Developer, are based on industry standards; typical and standard quantity ratios between this supportive infrastructure (including the City's relative associated maintenance costs) and similar Improvements; and on the assessment Engineer's professional experience on planning and working in such projects. Additionally, and based on the continued withdrawal from the Maintenance District reserve fund to balance the annual budget, the City has allocated funds from the General Fund for a consultant to review a proposed Prop 218 assessment increase for the Windsor Maintenance District. The cost for this work will be$6,112 for fiscal year 2019-20, which will Cm of PLEASANTON LIGHTING&LANDSCAPE MAINTENANCE DISTRICT NO.1993-1,WINDSOR SCIConsultingGroup ENGINEER'S REPORT,FISCAL YEAR 2019-20