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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 18 <br /> <br />Notes to Estimate of Costs <br />1. Incidental and administraƟon costs esƟmates include City staff hours <br />dedicated to the administraƟon of the assessment (including staff Ɵme <br />to bid work, monitor contracts and contractors, respond to residents’ <br />inquiries, etc.), county charges for inclusion of assessments on property <br />tax bills, and other incidental costs. <br />2. The district’s capital repair and replacement anƟcipated year-end fund <br />balance is approximately $29,100. The projected fiscal year 2026-27 <br />expenditures exceed annual assessment revenues; the difference will <br />be drawn from the exisƟng fund balance. Reserve/replacement funds <br />are held in an interest-bearing account unƟl needed for repairs to the <br />irrigaƟon system, landscaping, or other District features. <br />3. The rate shown here is for a single-family home or its equivalent. For <br />the definiƟon of the term Single-Family Equivalent (SFE) and rates for <br />other types of property, see the secƟon Ɵtled, “Method of Assessment” <br />and the secƟons following it in this report. <br />4. The Act requires that proceeds from the assessments must be <br />deposited into a special fund that has been set up for the revenues and <br />expenditures of the Maintenance District. Moreover, funds raised by <br />the assessment shall be used only for the purposes stated within this <br />Report. Any balance remaining at the end of the Fiscal Year, June 30, <br />must be carried over to the next Fiscal Year. The District may also <br />establish a reserve fund for conƟngencies and special projects as well <br />as a capital improvement fund for accumulaƟng funds for larger capital <br />improvement projects or capital renovaƟon needs. Any remaining <br />balance would either be placed in the reserve fund, the capital <br />improvement fund, or would be used to reduce future years' <br />assessments. The LighƟng and Landscape Maintenance District 1994-1 <br />reserve/replacement funds are held in an interest bearing account unƟl <br />needed for repairs to the irrigaƟon system, landscaping or other District <br />features. <br />Page 221 of 617