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the landscaping and other improvements being maintained under each district are of special benefit to the property owners in each district. The Landscaping and Lighting assessment process, once assessments are updated to meet current maintenance requirements, will provide an efficient and effective means for maintenance to be ensured. DISCUSSION The City currently has five Landscape Maintenance Districts that are being assessed. When the properties within the districts are assessed, the net amount is included on the properties' county property tax bill. At that time, the County adds 1.7 percent to the base assessment as an administration fee. The assessments on the City-owned parcels located within Ponderosa-Del Prado, Bonde Ranch, Oak Tree Farm, and Moller Ranch Districts will not include the 1.7 percent county administration fee as the Finance Department will transfer the money from the General Fund into the specific district fund without involving the County. The engineer's budget for each district should include a reserve fund to provide for the replacement of capital improvements such as planting, irrigation, decorative entry walls, signage, light fixtures, etc. Replacement costs have been calculated for the eventual replacement of the improvements in each district. Currently, the reserve funds are insufficient to cover these replacement costs due in part to the lack of adjustment in assessment amounts over the life of the districts. This needs to be addressed and is further discussed later in this report. Landscape Maintenance District 1984-1, Ponderosa-Del Prado The Ponderosa Homes subdivision (District 1984-1) has been in place for 38 years. Maintenance in this district includes the care of masonry walls, trees, shrubbery, groundcover and irrigation systems along Paseo Santa Cruz, between Corte Santa Maria and Corte Pacifica. The overall assessments for the coming year for District 1984-1 (Ponderosa-Del Prado) will remain unchanged at $16.90 per privately-owned parcel, and $16.62 for the one City-owned parcel. With a total of 344 units, including the City-owned parcel, this amounts to $5,813.32 in total assessments. This amount provides enough funding for the maintenance and plant replacement costs in all the special district areas along Paseo Santa Cruz, including water and electrical costs, County administration fees, and City administration fees. But this amount does not provide adequate funding to cover the emergency repair costs or the eventual capital replacement cost of irrigation systems, planting in the general benefit area, masonry walls, and any additional emergency repair services or other required improvements. The fund balance for capital repair and replacement is approximately $83,000 for this district. This amount is not enough for several improvements for which replacement must be considered in the near term. The improvements consist of an extensive irrigation system replacement and plant replacement, tree pruning, and other features. Additionally, this amount is insufficient to repair the existing sound wall if it needs repair in the future. Page 4 of 9