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City of Pleasanton <br />LighƟng & Landscape Maintenance District No. 1994-1, <br />Oak Tree Farm <br />Engineer’s Report <br /> <br />Page 9 <br /> <br />Over the years, operaƟonal costs and uƟlity costs have increased significantly. The <br />fiscal year 2026-27 assessment revenues are supplemented by a draw from the <br />District's reserve fund balance to cover the full cost of maintaining all common <br />areas, including water costs, county assessment fees, city administra Ɵon fees, <br />replacement of planƟngs, irrigaƟon systems, fencing, and other district <br />improvements. The fiscal year 2026-27 budget reflects the assessment rate held <br />flat at the prior-year level, with operaƟng costs in excess of assessment revenue <br />funded from the exisƟng reserve fund balance. <br />The water has been turned off at the Oak Tree Farm LMD because of the state of <br />disrepair of the irrigaƟon system so water rate increases have a limited impact to <br />the Oak Tree Farm LMD, but standard water meter fees sƟll apply and the rate <br />increases will have a significant impact if the irrigaƟon system is restored. A <br />conƟnued increase in costs for fire management, fence and lighƟng repair, and <br />necessary tree pruning/removal costs will be required for the district to be <br />maintained to the levels expected by the homeowners. <br />City staff discussed the maintenance prioriƟes with residents in several <br />neighborhood meeƟngs held towards the end of 2025 and into early 2026. Staff <br />has started to implement the priority projects and will conƟnue to do so this year, <br />drawing down on the reserve fund for the district. Assessment revenue, <br />supplemented by reserve fund draws, will allow the City to conƟnue to implement <br />necessary facility upgrades and improve maintenance, resulƟng in decreased <br />liability. <br />For 2025-26 costs/revenues, see Figure 3 – FY 2025-26 Actual Costs and Revenues. <br />Engineer’s Report and Proposed Assessments <br />Each year for which the assessments will be conƟnued, the City Council must direct <br />the preparaƟon of an Engineer's Report, budgets and proposed assessments for <br />the upcoming fiscal year. AŌer the Engineer's Report is completed, the City Council <br />may preliminarily approve the Engineer's Report and proposed assessments, and <br />establish the date for a public hearing on the conƟnuaƟon of the assessments. <br />This Report was prepared pursuant to the direcƟon of the City Council. <br />Page 212 of 617