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increasing the annual parcel assessment by two percent to $122. With 100 properties
<br /> within the CHAD, including the city-owned water reservoir site, this year's projected
<br /> revenue will be $13,900 including interest. The anticipated operational expenses this
<br /> year will total $10,554, leaving $3,346 to be deposited into the reserve fund.
<br /> As of May 1, 2020, the Moller Ranch CHAD has a reserve fund balance of $133,981.
<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 of infrastructure. Should a significant event occur,
<br /> this reserve amount is likely inadequate to cover the cost of needed repairs.
<br /> Lemoine Ranch Estates
<br /> The Engineer's Report for the Lemoine Ranch Estates CHAD concludes that funding is
<br /> needed for the following special services for properties within this CHAD in the coming
<br /> year: repair hillside erosion, mitigate wildlife burrowing activity, clean debris from
<br /> drainage ditches and inlets, remove stockpiled soil, inspect site, prepare the Engineer's
<br /> Report, and manage city administrative costs. This year, staff recommends increasing
<br /> the annual parcel assessment by two percent to $721. With 12 properties within the
<br /> CHAD, this year's projected revenue will be $10,052 including interest. The anticipated
<br /> operational expenses this year will total $7,253, leaving $2,799 to be deposited into the
<br /> reserve fund.
<br /> As of May 1, 2020, the Lemoine Ranch Estates CHAD has a reserve fund balance of
<br /> $94,855. 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 of infrastructure. 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 in the coming year: trim vegetation, clean debris from drainage ditches and
<br /> inlets, repair gully at driveway, inspect site, prepare the Engineer's Report, and manage
<br /> city administrative costs. This year, staff recommends increasing the annual parcel
<br /> assessment by two percent to $328. With 42 properties within the CHAD, including the
<br /> city-owned sanitary sewer pump station, this year's projected revenue will be $14,776
<br /> including interest. The anticipated operational expenses this year will total $11,672,
<br /> leaving $3,104 to be deposited into the reserve fund.
<br /> As of May 1, 2020, the Oak Tree Farm CHAD has a reserve fund of$105,365. 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 the reserve funds were previously used to complete erosion repairs
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