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1993-169-Initiating Proceedings To Annex The Hillbrook Area Into Landscaping & Lighting District No. 1RESOLUTION 1993 -169 INITIATING PROCEEDINGS TO ANNEX THE HILLBROOK AREA INTO LANDSCAPING & LIGHTING DISTRICT NO. 1, DESIGNATE IT AS HILLBROOK BENEFIT ZONE, AND ESTABLISH A POLICY ON CAPITAL REPLACEMENT AND CREDIT FOR PREEXISTING FUNDS IN OPEN SPACE MAINTENANCE DISTRICT NO. 1 WHEREAS, property owners within the Town of Los Gatos Open Space Maintenance District #1 have asked the Town to convert that District into a Benefit Zone as shown on Exhibit A hereto and annex it to the Town's Landscaping & Lighting District #1, and WHEREAS, this conversion would appear to result in an equitable apportionment of costs of maintaining the open space shown on Exhibit B hereto, and WHEREAS, a small parcel (APN # 523- 11 -30) in Open Space Maintenance District #1 is of such small size that it does not appear to benefit from the open space and should probably not be included in the new Hillbrook Benefit Zone, and WHEREAS, there is a fund balance remaining in the Open Space Maintenance District #1 account and this find balance should be devoted to providing maintenance to the open space area for which it was assessed and deposited, and WHEREAS, it is important that a capital replacement fund be established for the new Benefit Zone in order to ensure that capital funds are available when the end of the service life of the irrigation and hardscape of the open space area is reached, and WHEREAS, the property owners recommend that the equitable apportionment of future assessments in the new Benefit Zone should be based on a uniform and equal assessment on each parcel because each of the parcels enjoys an equivalent benefit from the open space area as shown on Exhibit B, and WHEREAS, the new Benefit Zone should be assessed only for the maintenance and upkeep of the open space area as shown on Exhibit B, and any enlargement in the purposes of this benefit zone should only occur after a resolution of intention has been adopted by the Council, a public hearing held, the increase subjected to majority protest of the property owners, and a determination by the Council then made pursuant to the procedures of the Landscaping & Lighting District Act of 1972, NOW, THEREFORE, IT IS RESOLVED AS FOLLOWS: A. Proceedings to form the Hillbrook Benefit Zone as described in Exhibit A hereto of the Town Landscaping & Lighting District #1 are hereby initiated. B. The Town Manager is ordered to prepare and file a report in accordance with Article 4 of Chapter 1 of the Landscaping & Lighting District (commenciung with Streets & Highways Code § 22565) and Streets & Highways Code § 22586. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 15th day of November, 1993, by the following vote. COUNCIL MEMBERS: AYES: Joanne Benjamin, Steven Blanton, Linda Lubeck, Patrick O'Laughlin Mayor Randy Attaway NAYS: None ABSENT: None ABSTAIN: None SIGNED: a=F�THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: CLERK OF THE TOW]q OF'iOS GATOS LOS GATOS, CALIFORNIA >� 523 -71 -28 � 1 523 -11 -27 523 -07 AqV 11 S III 7� -10 N4 �a0'le 523 -07 �. �.A 523 -07 523 -07 -20 i 3 -07 �� 23 07 523 -07 -21 52 52 0 a -4 5`3'0 0j'2 r 'Aj W� 323 07_23 Ul �� A�' Q� w 523 -0T2q 01 0 S \ \ 6 Spa- 0. / S/ a°j \ S o� 523 -i1 -26 �Os2a -u -2s Aj�� Sc�s i1,2 h 3 S22_Il_22 2 OPEN SP A C r �DIST IC � ,� , Exhibit "A" L3105,-5,om Hill Pond H11 /43900,< 51e�il\l --� .......... ..... . ........... n1j .... ........ 5X OW L OPEN SPACE DISTRICT NO. Exhibit " B )) I/10/9` C.G Not Y 5.Ie I