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RECOMMENDATION <br /> Authorize a budget amendment to increase the FY 2022/23 GHAD Operating Budgets <br /> to fund maintenance needs as shown in the following table: <br /> FY 2022/23 <br /> FY 2022/23 Recommended New FY 2022/23 <br /> GHAD Operating Budget Operating Budget <br /> Operating Budget Increase <br /> Laurel Creek $39,638 $16,394 $56,032 <br /> Moller Ranch $10,622 $35,011 $45,633 <br /> Lemoine Ranch $7,198 $16,646 $23,844 <br /> Oak Tree Farm $11,524 $16,046 $27,570 <br /> FINANCIAL STATEMENT <br /> GHAD funds are segregated from all other city funding sources and cannot be <br /> commingled. The following table demonstrates the impact with the change in the <br /> operating budget requested as part of this report. <br /> GHAD Est. Current FY 2022/23 Est. New FY 2022/23 Est. Ending <br /> Fund Balance Revenue Operating Fund Balance <br /> Budget <br /> Laurel Creek $1,025,767 $61,492 $56,032 $1,031,227 <br /> Moller Ranch $149,222 $15,809 $45,633 $119,398 <br /> Lemoine Ranch $108,192 $10,251 $23,844 $94,599 <br /> Oak Tree Farm $122,743 $14,776 $27,570 $109,949 <br /> BACKGROUND <br /> GHAD - Purposes and Description <br /> Geologic Hazard Abatement Districts are authorized by California Public Resources <br /> Code §26500. Like all special assessment districts, a GHAD assesses property owners <br /> for a benefit they receive that is special to them. The GHADs are formed to prevent, <br /> mitigate, abate, or control a geologic hazard within the district. A "geologic hazard" is an <br /> actual or threatened landslide, land subsidence, soil erosion, or other movement of <br /> land. Earthquake damage is exempted from coverage by the GHAD. <br /> GHADs are formed when a geotechnical investigation at the time of development <br /> reveals areas within the development that are unsuitable for housing or other structures <br /> due to evidence of prior or potential earth movement. These undevelopable areas within <br /> the project are set aside as open space. The developer is then obligated to construct <br /> infrastructure designed to lessen the likelihood that earth movement will occur, or to <br /> minimize damage to developed areas should earth movement occur. The infrastructure <br /> often includes slope stabilization measures such as drainage ditches, pipe networks, <br /> and hillside armoring. The GHAD is the funding mechanism to operate, monitor, <br /> maintain, repair, and eventually replace the slope stabilization infrastructure or to <br /> address soil movement issues. <br /> Page 2 of 4 <br />