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annexed into the existing GHAD. 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 third year of assessments for Lemoine Ranch Estates GHAD. The parcel assessment has been increased 6.6 percent for inflation from $566 to $603. There are no City -owned parcels within this GHAD. With 12 properties within the District, this year's budget will be $7,236. The Lemoine Ranch Estates GHAD will have a fund balance of $39,101. (The developer was required to fund the GHAD in the amount of $1,000 per lot at the time 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. Over the last several years only one resident has attended these meetings. The single resident expressed concerns about erosion that was taking place on the hillside above the homes within the Oak Tree Farm development. Staff has addressed this issue over the last four years as the budget allowed. These repairs are now complete. Staff had considered having an informational meeting this year because of the annexation of the Kolb Ranch Subdivision to the Laurel Creek GHAD; however, there has been only one occupancy within the Kolb Ranch Subdivision, to -date. Consequently, staff is suggesting postponing the meeting until next year, when there will be new residents within this GHAD. A public notice will be sent to all residents within each of the GHADs, notifying them that this staff report is available on the City's website (in addition to the normal noticing information). Any questions from the residents will be addressed in the June 16, 2009, report. Respectfully submitted, Brian Dolan Director of Community Development Attachments (4 each of): Fiscal Review: Approve David P. Culver Director of Finance Resolution Report by General Manager Projected Budget Vicinity Map Assessment Formula Statement Page 6 of 6 Nelson Fialho City Manager