RES 2025032 - Laserfiche WebLink

10 City of Pleasanton Landscape Maintenance District No. 1995-1, Moller Ranch Engineer’s Report, Fiscal Year 2025-26 2 units @ $560.53 assessment per year (City parcel, savings of $9.53*2 County Collection Fee) Notes to Estimate i. Contingency to address maintenance that is not routine in nature, such as repair or replacement of broken irrigation valves and lines or pruning/removing failed trees or tree limbs. This also includes mulch replenishment to keep weeds down and anticipated lighting re pairs. ii. Incidental and administration cost estimates include City staff hours dedicated to the administration of the assessment (including staff time to bid work, monitor contracts and contractors, respond to residents’ inquiries, etc.), county charges for inclusion of assessments on property tax bills, consultant fees for the Proposition 218-compliant vote, and other incidental costs. iii. At the time of this report a fund balance of approximately $258,000 remains for Landscape Maintenance District 1995-1. The projected 2025-26 expenses, if necessary capital improvements were made, are higher than the projected annual revenues. Therefore, the City will need to continue to hold on making those improvements until the reserve fund balance is sufficient. Reserve/replacement funds are held in an interest- bearing account until needed for repairs to the irrigation system, landscaping or other District features. iv. The rate shown here is for a single-family home or its equivalent. For the definition of the term Single Family Equivalent (SFE) and rates for other types of property, see the section titled, “Method of Assessment” and the sections following it in this report. v. The Act requires that proceeds from the assessments must be deposited into a special fund that has been set up for the revenues and expenditures of the Maintenance District. Moreover, funds raised by the assessment shall be used only for the purposes state d within this Report. Any balance remaining at the end of the Fiscal Year, June 30, must be carried over to the next Fiscal Year. The District may also establish a reserve fund for contingencies and special projects as well as a capital improvement fund fo r accumulating funds for larger capital improvement projects or capital renovation needs. Any remaining balance would either be placed in the reserve fund, the capital improvement fund, or would be used to reduce future years' assessments. The Landscape Maintenance District 1995-1, Moller Ranch reserve/replacement funds are held in an interest-bearing account until needed for repairs to the masonry walls, entry signage, irrigation systems, lighting, landscaping or other District features.