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Existing GHADs within the City of Pleasanton There are currently four GHADs within the city: Laurel Creek (The Preserve, Oak Hill Estates and Kolb Ranch), Moller Ranch, Lemoine Ranch, and Oak Tree Farm. The Oak Hill Estates and the Kolb Ranch developments were both annexed into the Laurel Creek GHAQ after the formation of the original district, which included only The Preserve neighborhood. All four of the existing GHADs are located on the west side of Foothill Road in hillside areas where potential geologic hazards exist. These four GHADs were created prior to the passage of Proposition 218 in November 1996 and have a built-in escalation factor to compensate for inflation. DISCUSSION 2023-2024 Proposed Assessments The annual assessments can be adjusted each year by the ENR Construction Cost Index for the San Francisco Bay Area. The current index allows for an increase of two percent. The allowed ENR adjustment is stated within each GHAD's original creation document and is therefore compliant with Proposition 218. The Engineer's Report for each GHAD concludes that funding is needed for special services within the GHAD in the coming year according to consultant-prepared monitoring reports. As such, staff recommends increasing the annual parcel assessment by two percent to fund these services. The table below lists (A) the number of parcels within each GHAD that are subject to assessment, (B) the proposed assessment amount for the coming year, (C) the projected total revenue, (D) the anticipated operational expenses, (E) the excess revenue to be deposited to reserve accounts, and (F) the total current fund reserve. The reserve assumes a significant repair of the hillside slopes will be needed once every 10 years. These reserves can also be used for the eventual replacement of slope stabilization infrastructure when necessary. Proposed Projected Anticipated Deposit to Total Number Annual Revenue Operational Fund Current GHAD Name of Parcels Fund Assessment (C = A X B + Expenses Reserve (A) (B) interest) (D) (E = D—C) ResFerve Laurel Creek 121 $433 $65,393 $55,249 $10,144 $1,022,692 Moller Ranch 100 $132 $14,900 $14,900 $0 $115,026 Lemoine 12 $780 $10,760 $10,760 $0 $99,400 Ranch Oak Tree 42 $355 $15,910 $15,910 $0 $109,131 Farm As noted above, the proposed assessments fund geologic monitoring and related maintenance services, which provide: (1) all lands included within a district shall be specially benefitted by construction proposed in a plan of control approved by the legislative body and (2) the assessments were previously approved by all property owners at the time the assessment was created. Since these criteria have been Page 3 of 4