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PART I. <br />LAUREL CREEK GEOLOGIC HAZARD ABATEMENT DISTRICT <br />PROJECTED BUDGET <br />2024-25 FISCAL YEAR <br />A. PROJECTED INCOME <br />Annual Income: <br />119 Single-Family Residential Lots <br />Tract 6400, Tract 6590, <br />Tract 7045 & Tract 6951 @ $432.00 $51,408.00 <br />2 Laurel Creek Water Reservoir Parcels <br />Tract 6400 (Portion of Parcel B & Parcel L) @ $432.00 $864.00 <br />Remaining Parcels – <br />Tract 6400 (Parcels A, B, D, F, G, H, I, K, N & O) <br />Tract 6590 (Parcels A & B) <br />Tract 6951 (Parcels B, D) <br />Tract 7045 (Parcel A) $0.00 <br />Interest Income $13,000.00 <br />TOTAL: $65,272.00 <br />B. PROJECTED EXPENSES <br />Geologic and/or Geotechnical Engineering Consultant $30,210.00* <br />Repair and maintenance (per Plan of Control) $59,100.00 <br />City Review and Inspection $4,478.00 <br />County Administration -$783.00 <br />Reserve -$27,733 <br />TOTAL $65,272.00 <br />C. ASSESSMENT: <br />Rate per Single Family Residential Lot/Reservoir $432.00 <br />*Consultant costs are higher than usual due to needed landslide repair within the Laurel Creek GHAD. <br />Reserves will fund this effort. <br />Page 10 of 30