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Laurel Creek Estates The Engineer's Report for the Laurel Creek Estates GHAD provides that funding is needed for the following: repair and maintenance of surface and subsurface drainage facilities, slope stabilization, erosion control, routine maintenance, site inspection, preparation of the Engineer's Report and City administrative costs. This year, the parcel assessment has been increased 2.2 percent for inflation from $300 to $307, including the two City-owned water reservoirs within the District. There are currentiy 109 properties within the District, including the two City-owned water reservoirs (102 Laurel Creek Estates plus the 7 annexed with Oak Hill Estates). The 12 properties annexed as the Kolb Ranch Estates will begin to be assessed once Public Improvements are accepted, the first certificate of occupancy is issued, or two years after the filing of the £mal map for Kolb Ranch Estates (Tract 6951), whichever occurs first. This year's budget will be $33,463. Currently, the Laurel Creek Estates GHAD has a fund balance of $284,938. At the time of initiation of this District, each homeowner was required to fund the GHAD in the amount of $1,000 per lot at the time of close of escrow. This condition was also imposed upon the Oak Hill Estates lots at the tune they were annexed into the existing GHAD. The developer of the Kolb Ranch Estates development has also contributed a pro-rata share of the total cumulative reserves of the Laurel Creek Estates GHAD at the time of the final map approval. The budget for this district assumes the potential for a significant repair of the hillside slopes once every ten years. Lemoine Ranch Estates The Engineer's Report for the Lemoine Ranch Estates GHAD provides that funding is needed for the following: inspection, repair of the surface drainage improvements such as the concrete v-ditches and storm drain outlets including detection and mitigation of potential geologic hazards, slope stabilization, erosion control, routine maintenance, site inspection, preparation of the Engineer's Report and City administrative costs. This will be the second year of assessments for Lemoine Ranch Estates GHAD. The parcel assessment has been increased 2.2 percent for inflation from $500 to $511. There are no City-owned parcels within this GHAD. With 12 properties within the District, this year's budget will be $6,132. The Lemoine Ranch Estates GHAD will have a fund balance of $16,986. (The developer was required to fund the GHAD in the amount of $1,000 per lot at the tune of the final map approval). PUBLIC COMMENT In the past, staff has held informational meetings with property owners from each District to promote a better understanding of these districts. Only one resident attended these meetings in the past. The resident expressed concerns about erosion that was taking place on the hillside above the homes within the Oak Tree Farm development. Over the last two summers as the SR:05:127 Page 7 of 32