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Page 4 of 6 <br />maintenance services. The water tank property is assessed at a higher rate due to the value it <br />provides in the event of a fire and the benefit it receives from protection. <br /> <br />Table 2. Bonde Ranch LMD <br />* Includes 1.7% collection charge <br /> <br />Ballot Tabulation and Results <br />Votes are weighted based on the proposed assessment amount for each parcel. Only returned <br />ballots are counted; ballots not returned are neither counted in support of nor in opposition. <br />Assessment ballots must be received by the City Clerk by the close of the public hearing; <br />postmarks do not constitute timely receipt. <br /> <br />Following the close of public testimony, the City Clerk will tabulate the returned ballots for each <br />district. If the weighted ballots submitted in opposition exceed the weighted ballots submitted in <br />support, a majority protest exists, and the proposed assessment may not be imposed. The <br />tabulation results for each district will be announced at the public hearing and recorded in the <br />resolutions. <br /> <br />Replacement of Existing Districts and Transfer of Funds <br />If a proposed district is approved and no majority protest exists, the corresponding existing <br />district will be dissolved and replaced by the new district. Any unexpended funds remaining in <br />the existing district fund at the time of dissolution will be transferred to the new district. <br />• If Ponderosa-Del Prado LMD 2026-1 is approved, LMD 1984-1 (Ponderosa-Del Prado) <br />will be dissolved, and the unexpended balance of Fund 134 will be transferred to the <br />new district. <br />• If Bonde Ranch LMD 2026-2 is approved, LMD 1993-2 (Bonde Ranch) will be dissolved, <br />and the unexpended balance of Fund 136 will be transferred to the new district. <br />If a proposed district is not approved or is subject to a majority protest, the corresponding <br />existing district will continue to operate under its current assessment structure. <br /> <br />Ballot Process and Timeline <br />• May 5, 2026: City Council preliminarily approved the Engineer’s Reports and ordered <br />ballot proceedings. <br />Zone No. Parcels SFE <br />Factor <br />Total <br />SFEs <br />Annual Assessment <br />Rate* <br />Total <br />Assessment <br />Bonde Ranch <br />LMD Zone A 64 1.00 64.00 $633.03 $40,514 <br />Bonde Ranch <br />LMD Zone A <br />Water Tank <br />1 2.00 2.00 $633.03 $1,266 <br />Bonde Ranch <br />LMD Zone B SFR 38 0.44 16.72 $278.53 $10,584 <br />TOTAL 103 82.72 $52,364 <br />Page 284 of 923