Laserfiche WebLink
Page 3 of 4 <br />Although the reserve accounts are expected to maintain positive balances, a significant <br />geologic event could deplete the reserves such that supplemental funding may be needed. <br /> <br />Table 1. Proposed Assessments <br /> <br /> <br /> <br /> <br />At its May 19, 2026 meeting, the City Council, acting as the Board of Directors for the GHADs, <br />adopted a resolution declaring its intention to levy assessments on property owners within <br />each GHAD for FY 2026/27. Property owners may submit a protest or request modifications or <br />adjustments at the public hearing where the Board will hear and consider all protests. <br />Following the close of the public hearing, the Board shall confirm the assessments and order <br />that each assessment be levied. The City Clerk will then record the Notice of Assessments <br />with the Alameda County Tax Collector as provided in California Streets and Highways Code <br />section 3114. <br /> <br /> CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) <br /> Maintenance work within each GHAD is categorically exempt from CEQA pursuant to <br />Guidelines Section 15302, “Replacement or Reconstruction.” <br />GHAD <br />Name <br />Number <br />of <br />Parcels <br />(A) <br />Proposed <br />Annual <br />Assessment (B) <br />Projected <br />Revenue <br />(C = A X <br />B + <br />interest) <br />Anticipated <br />Operational <br />Expenses <br />(D) <br />Deposit <br />to Fund <br />Reserve <br />(E = D – <br />C) <br />Total <br />Current <br />Fund <br />Reserve <br />(F) <br />Laurel <br />Creek 121 $450 $67,450 $67,450 $ 0 $984,350 <br />Moller <br />Ranch 100 $139 $15,600 $15,600 $ 0 $91,390 <br />Lemoine <br />Ranch 12 $812 $11,144 $11,144 $ 0 $64,137 <br />Oak Tree <br />Farm 42 $369 $16,498 $16,498 $ 0 $112,872 <br />Totals $110,692 $110,692 $ 0 $1,252,749 <br />Page 6 of 19