GHAD 04-005 - Laserfiche WebLink

Attached is a resolut/on initiating the proceedings to annex tiffs properly w the GHAD, inclu~l'mg setting a public hearing on this matter. Notices will al~o ~ sellt to the property owners in The Preserve and informin.~ them of the Board's intent to annex tills territory. DISCUSSION The documents submitted satisfy the state law. The property owners have signed the petition and the Plan of Control contains all the necessary elements. The attached resolution will set a public hearing date when the Council will consider, formally, the annexation. The Council will continue to act as the District's Board of Directors. The territory to be annexed has 43 acres, approximately 7.4 acres of which will be dedicated to the City for park purposes and additional 17.5 acres will be deeded to the Homeowners Association for open space residences. Parcels ~A", ~F", and "G~ the existing Kolb, Miller and Strom residences are not included within the boundary of the GHAD. Not requiring existing residents adjacent to the GHAD to become part of the GHAD is consistent with past policy. Currently there are 109 properties within the District (102 Laurel Creek Estates plus the 7 ~nnexed with Oak Hill Estates), within the Laurel Creek Estates GHAD that are assessed annually for this GHAD. The currem annual assessments are $300/lot. In conformance to Proposition 218, the assessments may be increased by cost of living percentages without submitting the assessments to a vote of those assessed. Staff proposes that the twelve residential lots in Tract 6951 be assessed the same amount as the 109 lots currently assessed, be~innlng upon acceptance of the Public Improvements, the first certificate of occupancy, or two years after the filing of the final map for Kolb Ranch Estates (Tract 6950, whichever occurs first. In addition, the developer of the Kolb Ranch Estates developmem has contributed 12/109 of the total cumulative reserves of the Laurel Creek Estates GHAD (approximately $26,170) to build up a reserve in case significant repairs become necessary. Kolb Ranch Estates is a 12-lot development on the extension of Kiemetson Drive (which becomes Kolb Ranch Drive within the new development). Kolb Ranch Drive rung parallel with the eastern boundary of the Preserve, intersecting Laurel Creek Drive near Dublin Canyon Road. In their evaluation of the property (Kolb Ranch Estates) proposed to be annexed to the Laurel Creek Estates GHAD, the engineering geologist concluded that there is far less risk of damage to improvements in the area of annexation than to the area currently covered by the existing GHAD. Based on this evaluation, it is not likely that property owners currently paying assessments to the Laurel Creek Estates GHAD will be placed at any greater financial risk by supporting the proposed annexation. SR:04:136 Page 5