To: Board of Directors
From: Canyon Lakes Geological Hazard Abatement District
Report Title: Canon Lakes GHAD Resolution No. 2025/01 and Resolution No. 2025/02
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
ADOPT Canyon Lakes Geologic Hazard Abatement District (GHAD) Resolution No. 2025/01 approving the GHAD budget for 2025/2026 fiscal year with an update to the GHAD General Manager payment limit under the Consulting Services Agreement.
ADOPT Canyon Lakes GHAD Resolution No. 2025/02 approving the change of GHAD Treasurer from CLT Management, LLC to Laffer Tengler Investments ("LTI") and approve a contract of services between LTI and Canyon Lakes GHAD.
FISCAL IMPACT:
The GHAD is funded 100% through real property assessments levied on properties within the GHAD.
BACKGROUND:
On June 4, 1985, the Contra Costa County Board of Supervisors adopted Resolution 85/289 approving the formation of the Canyon Lakes Geologic Hazard Abatement District ("GHAD") and appointed itself to serve as the GHAD Board of Directors ("GHAD Board"). The GHAD includes a GHAD Manager (Sands Construction), GHAD Clerk/Attorney (Fennemore LLP) and a GHAD Treasurer (CLT) all appointed by the GHAD Board of Directors.
1. Annual Budget and Payment Limit for FY 2024/2025 (Resolution 2025/01). The GHAD Board adopts a budget for the GHAD operations each fiscal year. The GHAD Board is being requested to adopt the fiscal year budget for 2025/2026 as prepared by the GHAD Manager which is attached to Resolution No. 2025/01. The proposed fiscal year budget totals $1,228,100.
In addition, the GHAD Board is being requested to update the GHAD Manager payment limit under the existing Consulting Services Agreement as required by that Agreement. The budget attached to Resolution No. 2025/01 identifies that limit at $475,000.
2. Appointment of Change in Name of GHAD Treasurer (Resolution 2025/02). The GHAD Board is also being asked to approve a ch...
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