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will be $26,489.35. This amount is not enough to fund the maintenance of the district areas to the same level of maintenance as in past years. This amount will fund the reduced maintenance of the district, County assessment fees, and City administration fees but will not fund capital repair or replacement costs. The fund balance for capital repair and replacement is approximately $19,000 for this district. This amount is not enough for the significant improvements for which replacement must be considered in the near term. The improvements consist of a complete irrigation system replacement and plant replacement, tree pruning, and repair or replacement of other features such as fencing. However, the City is recommending reducing the reserve by $10,000 to make necessary repairs to the 30-year-old fence this coming fiscal year. Despite shutting off the water due to existing leaks in the irrigation system, the fund balance for Bonde Ranch is insufficient for other basic maintenance tasks such as mulch replacement and more extensive fence repair, replacement, and painting. An increase in the annual assessment will be necessary to continue the maintenance standards of the district and replenish the reserve needed to fund eventual capital repair and replacement costs. City staff began the process of potentially increasing the assessments for the Bonde Ranch LIVID in 2022 through a Proposition 218-compliant voting procedure. However, the property owners at the neighborhood outreach meeting on February 3, 2022, expressed strong opposition to increasing the assessment so staff placed the pursuit of a sustainable assessment amount on hold. Landscape Maintenance District 1994-1 , Oak Tree Farm The Oak Tree Farm subdivision (District 1994-1) has been in place for 29 years. Maintenance in this district includes open space areas, entry features, decorative lighting, firebreaks, trees, shrubbery, groundcover and irrigation systems. The assessments for the coming year for District 1994-1 will remain at $473.66 per privately-owned parcel per year. The City will pay $465.75 for the assessment of one City-owned parcel. With a total of 42 parcels in the district (including one City-owned sewer lift station parcel), this year's total assessment will be $19,885.81. This amount is not enough to fund the maintenance of the district areas to the same level of maintenance as in past years This amount is adequate to fund the reduced maintenance of the district, County assessment fees, City administration fees, and minor district improvements, but not enough to cover any required capital replacement costs or additional emergency repair services. City staff continues to work closely with the maintenance contractor to increase the efficiency of landscape maintenance operations and has shut off the water due to existing leaks in the irrigation system. An increase in the annual assessment will be necessary in the future to meet the maintenance standards of the district. The fund balance for capital repair and replacement is approximately $61,000 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 extensive irrigation Page ? of 1