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construction cost index, this year's assessments are in conformance with Proposition 218. THIS YEAR'S ASSESSMENTS Oak Tree Farm An Engineer's Report for the Oak Tree Farm GHAD has been prepared. It provides that funding is needed for the following: cleaning of retention basins, site inspection, erosion stabilization, preparation of the Engineer's Report, and City administrative costs. This year, the parcel assessment has been increased 6.6 percent for inflation (based on the Engineering News Record Construction Cost Index for the San Francisco Bay Area), from $258 to $275, including the City -owned sanitary sewer pump station within the District. (Under Proposition 218, publicly owned property that benefits from the program is required to pay its fair share.) With 42 properties within the District, including the City owned sanitary sewer pump station; this year's budget will be $11,550. Currently, the Oak Tree Farm GHAD has a fund balance of $40,434; this reserve is slowly being replenished, over the last several years the majority of the reserve funds were used to complete erosion repairs along the fire trail within the covered area. Moller Ranch The Engineer's Report for the Moller Ranch GHAD provides that funding is needed for the following: excavation and re- compaction of shallow slope failures, installation of additional subdrain systems, repair of surface drainage improvements, construction of additional surface drainage improvements, restoration of eroded areas and /or removal of siltation deposits, site inspection, preparation of the Engineer's Report and City administrative costs. This year, the parcel assessment has been increased 6.6 percent for inflation (based on the Engineering News Record Construction Cost Index for the San Francisco Bay Area), from $98 to $104, including the City -owned water reservoir within the District. With 100 properties within the District, including the City -owned water reservoir site, this year's budget will be $10,400. Currently, the Moller Ranch GHAD has a fund balance of $78,173 for the repair and maintenance of hillside slopes and drainage facilities, as may be necessary in the future. 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 6.6 percent for inflation from $340 to $362, including the two City -owned water reservoirs within the District. With the addition of the Kolb Ranch Homes there are 121 properties within the District (102 Laurel Creek Estates, including the two City -owned water reservoirs, the 7 annexed with Oak Hill Estates and the 12 properties annexed as the Kolb Ranch Estates). This year's budget will be $43,802. Currently, the Laurel Creek Estates GHAD has a fund balance of $481,398. 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 and Kolb Ranch Estates lots at the time they were Page 5 of 6