To: Board of Directors
From: Blackhawk Geological Hazard Abatement District
Report Title: Blackhawk GHAD Resolution No. 2025/01 and Resolution No. 2025/02
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
ADOPT Blackhawk Geological Hazard Abatement District (GHAD) Resolution No. 2025/01 adopting the GHAD budget for 2025/2026 fiscal year, updating GHAD Manager payment limit under Consulting Services Agreement and acknowledging an increase in the GHAD General Manager annual payment limit for FY 2024/2025.
ADOPT Blackhawk 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 Blackhawk GHAD.
FISCAL IMPACT:
The GHAD is funded 100% through a portion of the property tax levied on properties within the GHAD.
BACKGROUND:
On April 22, 1986, the Contra Costa County Board of Supervisors adopted Resolution 86/210 approving the formation of the Blackhawk Geologic Hazard Abatement District ("GHAD") and appointed itself to serve as the GHAD Board of Directors ("GHAD Board"). The GHAD includes a GHAD General Manager (Sands Construction), GHAD Clerk/Attorney (Fennemore LLP) and a GHAD Treasurer (CLE) all appointed by the Board.
1. Annual Budget, Payment Limit for FY 2024/2025 and Report on Unanticipated Expenditures (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 General Manager which is attached to Resolution No. 2025/01. The proposed fiscal year budget is $3,965,000.
In addition, the GHAD Board is being requested to update the GHAD Manager payment limits under the existing Consulting Services Agreement as required by that Agreement. The budget attached to Resolution No. 2025/01 identifies that payment limit at $810,000.
The 2024/2025 budget...
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