FY 2025-2026 SRAD Engineers Report.pdf — Fairfield City Council, May 6, 2025

CITY OF FAIRFIELD

SMITH RANCH ASSESSMENT DISTRICT

ENGINEER’S REPORT

FISCAL YEAR 2025-2026

CONTENTS

1. Assessment

2. Method of Apportionment

3. District Budget

4. Assessments for Each Parcel

1 ASSESSMENT

WHEREAS, on October 7, 1986, the City Council of the City of Fairfield, California, pursuant to the provisions of the Municipal Improvement Act of 1913, adopted Resolution No. 86 -291, A Resolution of Intention to Make Acquisitions and Improvements;

WHEREAS, said resolution provided for the levy and collection of maintenance assessments under Section 10100.8 of said Act and reference is hereby made to the Engineer’s Report and diagram on file in the office of the Superintendent of Streets in the City of Fairfield for further particulars;

NOW, THEREFORE, the undersigned, by virtue of the power vested in me under said Act and the order of the council of said city, hereby makes the following assessment for the fiscal year 2025- 2026
to cover the estimated cost of the maintenance of said improvements and the costs and expenses incidental thereto.

The amount to be paid for the maintenance of said improvements, and the expenses incidental thereto, are as shown in section 3 of this report.

I do hereby assess the net amount to be assessed upon all assessable lots or parcels of land within said maintenance assessment district by apportioning that amount among the several lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the maintenance of said improvements, and more particularly set forth in the list hereto attached and by reference made a part hereof.

Said assessment is made upon the several lots or parcels of land within said maintenance assessment district in proportion to the estimated benefits to be received by said lots or parcels, respectively, from the maintenance of said improvements.

Each lot or parcel of land assessed is described in the assessment list by reference to its parcel number as shown on the assessor's maps of the County of Solano for the fiscal year (FY) 20 25- 2026 and includes all such parcels excepting those portions thereof within existing public roads or right of way to be acquired in these proceedings for public road purposes. For a more particular description of said property, reference is hereby made to the deeds and maps on file and of record in the office of the county recorder of said County.

Dated: __________________ ____________________________ Ryan Panganiban
City Engineer/Asst. Director of Public Works
R.C.E. No. 74795
Expires 12/31/28

2 METHOD OF APPORTIONMENT OF ASSESSMENT

The assessments are to be apportioned equally to all 1,200 assessable lots within the Rancho Solano Subdivision.

SMITH RANCH ASSESSMENT DISTRICT
FUND 178
FY 2025-2026 BUDGET PROJECTIONS
OBJECT FY23-24 Actual FY24-25 Actual* FY24-25 Revised FY24-25 Proj FY25-26 Proj FY26-27 Proj FY27-28 Proj FY28-29 Proj FY28-29 Proj 6106 - SPECIAL ASSESSMENT
S 389,925 389,925 389,925 389,925 389,925 389,925 389,925 389,925 389,925 6401 - INT INC ON POOLED INVESTMENTS 281,743 90,000 90,000 101,044 78,908 35,550 37,758 39,988 42,240 TOTAL REVENUE 671,668 479,925 479,925 490,969 468,833 425,475 427,683 429,913 432,165 8441 - OTHER CONTRACTUAL SERVICES - - - - - - - - - 8836 - COST ALLOCATION - - - - - - - - - 9003 - ADVERTISING 283 287 700 700 721 743 765 788 811 9038 - COUNTY ADMIN EXPENSES 3,899 1,950 3,899 3,899 3,899 3,899 3,899 3,899 3,899 9100 - TRANSFERS OUT - 5,982 5,300,000 2,700,000 4,800,000 - - - - 9502 - PJCT CST-ENGNRNG-STUDY/DESIGN - - - - - - - - - 9505 - PJCT CST-CONSTRUCTION 58,753 7,093 1,300,000 - - 200,000 200,000 200,000 200,000 TOTAL EXPENSES 62,935 15,311 6,604,599 2,704,599 4,804,620 204,642 204,664 204,687 204,711 Revenue 671,668 479,925 479,925 490,969 468,833 425,475 427,683 429,913 432,165 Expenses 62,935 15,311 6,604,599 2,704,599 4,804,620 204,642 204,664 204,687 204,711 NET SURPLUS/DEFICIT 608,733 464,614 (6,124,674) (2,213,630) (4,335,788) 220,833 223,019 225,226 227,455 Beginning Fund Balance 9,332,909 10,104,390 10,104,390 10,104,390 7,890,760 3,554,972 3,775,805 3,998,824 4,224,050 Net Surplus/Deficit 608,733 464,614 (6,124,674) (2,213,630) (4,335,788) 220,833 223,019 225,226 227,455 Mkt Val-Unrealized Gain/Loss 162,748 - - - - - - - - ENDING FUND BALANCE 10,104,390 10,569,004 3,979,716 7,890,760 3,554,972 3,775,805 3,998,824 4,224,050 4,451,505 *As of 02/28/25