RES 98151 - Laserfiche WebLink

Section 3. Specially Bene~ted Parcels. The specially benefited parcels are those shown on the map attached as Exhibit 1. Section 4. Total Assessment. The total assessment chargeable to all the specially-benefited parcels within the Laurel Creek Estates GHAD in each year is equal to the total cost of providing the GHAD services in the identified fiscal year. The total assessment may vary based on changes in the Consumer Price Index CCPI") from year to year. The GHAD also has the power under the State of California Public Resources Code to raise bonds for the purpose of paying the costs of CHAD improvements, and to accept financial assistance, including loans, in order to accomplish any purpose of the GHAD statute. Should the GHAD arrange such financing, each parcel on which escrow has closed will be assessed a proportionate amount to reimburse these financial sources. Section 5. Assessment Per Parcel. Each parcel will be assessed $260 per year, plus an annual adjustment to reflect the change in CPI from the previous year. (The automatic CPI adjustment to the assessment is justified because it will correct the assessment to reflect changes in actual costs of operating the CHAD.) The assessment will be levied in perpetuity. In addition, each parcel will be assessed $1,000 at the time of close of escrow for the purpose of establishing a reserve for the CHAD. Section 6. Methodology for Calculating the Assessment Per Parcel. The purpose of the Laurel Creek Estates GHAD is to finance mitigation, abatement and control measures in the event that certain geologic hazards occur and to take the measures described in the POC to prevent those geologic hazards. The basic costs of performing these services are for: Geologist/General Manager; support service; and slope stabilization, erosion protection, and repairs. There are 102 parcels in the GHAD which will be bene~ted by the GHAD. As detailed in the POC, the CHAD will utilize specific geotechnical and biotechnical techniques to mitigate landslide and erosion hazards and also will engage in ongoing maintenance and monitoring activities. All the components of the GHAD system will be maintained and monitored with similar intensity; thus, each parcel in the CHAD will receive approximately the same benefits from the CHAD. Accordingly, the total annual assessment on the GHAD will be evenly divided among all 102 parcels in the CHAD. Date: Signed By: c:ord/res/ca9730To.sam:rme