Laserfiche WebLink
City of Pleasanton <br />Landscape Maintenance District No. 1993-1, Windsor <br />Engineer’s Report <br /> <br />Page 30 <br /> <br />The City of Pleasanton owns and maintains a storm drainage system along the <br />border of the Maintenance District. This system serves to prevent flooding and <br />associated damage to the Improvements, and manage urban runoff including local <br />pollutants loading from the Improvements. The contribu Ɵon from the City of <br />Pleasanton toward general benefit from the maintenance, rehabilitaƟon, and <br />replacement of the local storm drainage system is conservaƟvely esƟmated to be <br />10%, based upon the relaƟve cost to construct and maintain this criƟcal local <br />infrastructure. In other words, if the Maintenance District were required to <br />construct and maintain the local storm drainage system, the budget would <br />increase by at least 10%. <br />The City of Pleasanton owns and maintains local public streets throughout the <br />Maintenance District. These public streets provide access to the Improvements for <br />its enjoyment as well as efficient maintenance. The contribuƟon from the City of <br />Pleasanton toward general benefit from the maintenance, rehabilitaƟon, and <br />replacement of the local public streets is conservaƟvely esƟmated to be 10%, <br />based upon the relaƟve cost to construct and maintain this criƟcal local <br />infrastructure. In other words, if the Maintenance District were required to <br />construct and maintain the local public streets, the budget would increase by at <br />least 10%. <br />The value of the iniƟal Improvements constructed by the Developer can be <br />quanƟfied and moneƟzed as an annuity to be amorƟzed. Since the iniƟal <br />Improvements were performed and paid for by non-assessment funds, this <br />“annuity” can be used to offset general benefit costs, and is conservaƟvely <br />esƟmated to contribute 20%. In other words, if the Maintenance District were <br />required to construct all the Improvements, the annual budget would increase by <br />at least 20%. <br />In other words, there is a 10.0% contribuƟon needed to offset the general benefits <br />conferred by the Improvements, and there is a 50% contribu Ɵon from City of <br />Pleasanton supporƟng local infrastructure, along with the amorƟzed value of <br />iniƟal construcƟon. This 50% contribuƟon more than saƟsfies the general benefit <br />requirements. <br /> <br />Page 151 of 617