Laserfiche WebLink
Page 3 of 8 <br />money from the General Fund into the specific district fund without involving the county. <br /> <br />The table below lists the assessments to be collected within each district as well as the total <br />expected special revenue and the total available reserves: <br /> <br />LMD Name LMD <br />Number <br />Private Property <br />Assessment x <br />Number of Parcels <br />Public Property <br />Assessment x <br />Number of <br />Parcels <br />Total <br />Special <br />Revenue <br />per year <br />Total <br />Available <br />Reserves <br />Ponderosa- <br />Del Prado <br />1984-1 $16.90 x 343 <br />parcels <br />$16.62 x 1 <br />parcel <br />$5,813 $84,000 <br />Windsor 1993-1 $269.62 x 90 <br />parcels <br />N/A $24,266 <$14,000> <br />Bonde <br />Ranch <br />1993-2 $257.22 x 102 <br />parcels <br />$252.91 x 1 <br />parcel <br />$26,489 $25,000 <br />Oak Tree <br />Farm <br />1994-1 $473.66 x 41 <br />parcels <br />$465.75 x 1 <br />parcel <br />$19,886 $72,000 <br />Moller <br />Ranch <br />1995-1 $570.06 x 99 <br />parcels <br />$560.53 x 2 <br />parcels <br />$57,557 $273,000 <br /> <br />The engineer’s budget for each district includes a reserve fund to provide for the replacement <br />of capital improvements such as planting, irrigation, decorative entry walls, signage, light <br />fixtures, etc. Currently, the reserve funds are insufficient to cover these replacement costs. <br />Furthermore, irrigation systems have been turned off at Bonde Ranch and Oak Tree Farms <br />and portions of Moller Ranch due to numerous needed repairs. The Windsor at Laguna Oaks <br />HOA has accepted the landscape maintenance responsibilities and water costs as a first step <br />to address the depletion of reserves at the Windsor LMD. <br /> <br />Landscape Maintenance District 1984-1, Ponderosa-Del Prado <br />The Ponderosa Homes subdivision (District 1984-1) has been in place for 40 years. <br />Maintenance in this district includes the care of masonry walls, trees, shrubbery, groundcover <br />and irrigation systems along Paseo Santa Cruz, between Corte Santa Maria and Corte <br />Pacifica. The overall assessments provide enough funding for the maintenance and plant <br />replacement costs in all the special district areas along Paseo Santa Cruz, including water and <br />electrical costs, county administration fees, and City administration fees; however, this amount <br />does not provide adequate funding to cover the emergency repair costs or the capital <br />replacement cost of the irrigation systems, planting in the general benefit area, pruning, <br />masonry walls, and any additional emergency repair services or other required improvements. <br /> <br />This district's fund balance for capital repair and replacement is approximately $84,000. This <br />amount is not enough for several improvements for which replacement must be considered in <br />the near term, including an extensive irrigation system replacement and plant replacement, <br />tree pruning, and other features. Additionally, this amount is insufficient to repair the existing <br />sound wall if it needs repair in the future. <br /> <br />Page 268 of 720