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GHAD, this year's projected revenue will be $9,784. The anticipated operational
<br /> expenses this year will total $7,253, leaving $2,531 to be deposited into the fund
<br /> reserve.
<br /> As of May 1, 2019, the Lemoine Ranch Estates CHAD has a fund reserve balance of
<br /> $87,741. This reserve is for the repair of landslides, hillside slopes and drainage
<br /> facilities, as may be necessary in the future, based on estimates of significant earth
<br /> movement events discussed in the original Plan of Control for this CHAD. These
<br /> reserves can also be used for the eventual replacement infrastructure, should it become
<br /> necessary. Should a significant event occur, this reserve amount is likely inadequate to
<br /> cover the cost of needed repairs.
<br /> Moller Ranch
<br /> The Engineer's Report for the Moller Ranch CHAD concludes that funding is needed for
<br /> the following special services for properties within this CHAD: excavation and re
<br /> compaction of shallow slope failures, installation of additional subdrain systems, repair
<br /> of surface drainage improvements, construction of additional surface drainage
<br /> improvements, restoration of eroded areas and/or removal of siltation deposits, site
<br /> inspection, preparation of the Engineer's Report and City administrative costs. This year
<br /> staff recommends increasing the annual parcel assessment by the allowed two percent
<br /> to $120. With 100 properties within the CHAD, including the City owned water reservoir
<br /> site, this year's projected revenue will be $13,600. The anticipated operational expenses
<br /> this year will total $10,637, leaving $2,963 to be deposited into the fund reserve.
<br /> As of May 1, 2019, the Moller Ranch CHAD has a fund reserve balance of $126,705.
<br /> This reserve is for the repair of landslides, hillside slopes and drainage facilities, as may
<br /> be necessary in the future, based on estimate of significant earth movement events
<br /> discussed in the original Plan of Control for this CHAD. These reserves can also be
<br /> used 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 /> Oak Tree Farm
<br /> The Engineer's Report for the Oak Tree Farm CHAD has been prepared and concludes
<br /> that funding is needed for the following on-going special services for properties within
<br /> this CHAD: cleaning of retention basins, site inspections, erosion stabilization,
<br /> preparation of the Engineer's Report, and City administrative costs. This year staff
<br /> recommends increasing the annual parcel assessment by the allowed two percent to
<br /> $322. With 42 properties within the CHAD, including the City-owned sanitary sewer
<br /> pump station, this year's projected revenue will be $14,424. The anticipated operational
<br /> expenses this year will total $11,570, leaving $2,854 to be deposited into the fund
<br /> reserve.
<br /> As of May 1, 2019, the Oak Tree Farm CHAD has a fund reserve of $102,154. This
<br /> reserve is to be used to pay for landslide repair work, which the original Plan of Control
<br /> estimated would be needed approximately every ten years. This reserve is slowly being
<br /> replenished as over the last several years the majority of the reserve funds were used
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