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Page 9 <br /> Over the years, operational costs and utility 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 administration fees, <br /> replacement of plantings, irrigation 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 operating costs in excess of assessment revenue <br /> funded from the existing 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 irrigation system so water rate increases have a limited impact to <br /> the Oak Tree Farm LMD, but standard water meter fees still apply and the rate <br /> increases will have a significant impact if the irrigation system is restored. A <br /> continued increase in costs for fire management, fence and lighting 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 priorities with residents in several <br /> neighborhood meetings held towards the end of 2025 and into early 2026. Staff <br /> has started to implement the priority projects and will continue 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 continue to implement <br /> necessary facility upgrades and improve maintenance, resulting 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 continued,the City Council must direct <br /> the preparation of an Engineer's Report, budgets and proposed assessments for <br /> the upcoming fiscal year. After 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 continuation of the assessments. <br /> This Report was prepared pursuant to the direction of the City Council. <br /> City of Pleasanton <br /> Lighting & Landscape Maintenance District No. 1994-1, SCIConsultingGroup <br /> Oak Tree Farm <br /> Engineer's Report <br />