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Page 8 <br /> The Oak Tree Farm Lighting and Landscape Maintenance District No. 1994-1 <br /> purpose is to fund the maintenance of the existing Oak Tree Farm subdivision open <br /> space areas, entry features, decorative lighting, firebreaks, trees, shrubbery, <br /> groundcover and irrigation systems. <br /> District 1994-1 is funded by the benefit assessment approved in 1994 <br /> ("Assessment"), and it does not receive any direct revenues from property taxes <br /> or any other funding sources. <br /> Based on research of the historical documents and in consultation with their <br /> consultant, SCI Consulting Group, and an attorney that specializes in assessment <br /> law, JarvisFay, the fiscal year 2025-26 assessments for District 1994-1 were <br /> restored to the amount approved by the formation documents for the Oak Tree <br /> Farm LMD, as recorded with Resolution 94-110, an amount of up to $1,000 with <br /> an inflation escalator based on the Consumer Price Index for the year. <br /> Under Proposition 218, a property owner vote is only required when these <br /> assessments are increased, and an assessment is not increased if it is set at an <br /> amount that is no more than the maximum amount initially authorized when the <br /> assessment district was created. (Cal. Const. Art. XIII D, § 5(b); Gov. Code § <br /> 53750(h)(2)(B).) As a first step toward a more sustainable assessment level, <br /> assessments were restored last year, as approved by Resolution 94-110 and <br /> implemented with Resolution 98-076, to $617.41 per parcel per year. The <br /> formation documents also authorize an annual escalator based on the Consumer <br /> Price Index up to the $1,000 maximum; however, in light of the recent decision in <br /> Thacker v. City of Fairfield, which has called into question the validity of applying <br /> formation-era inflation escalators, the City has elected not to apply the CPI <br /> escalator for fiscal year 2026-27. The assessment rate therefore remains at <br /> $617.41 per parcel. With a total of 42 parcels in the District (including one public <br /> parcel), fiscal year 2026-27 total assessment revenue will be $26,362. <br /> The fiscal year 2026-27 assessment rate for District 1994-1 is $617.41 per parcel <br /> per year (base rate), plus a County collection fee of$10.50 per private parcel, for <br /> a total of$627.91 per private parcel. With a total of 42 parcels in the District,fiscal <br /> year 2026-27 total assessment revenue will be $26,362. <br /> City of Pleasanton �► <br /> Lighting & Landscape Maintenance District No. 1994-1, SClConsuttingGroup <br /> Oak Tree Farm <br /> Engineer's Report <br />