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<br />4.5. District Reserve Fund Balance
<br />
<br />A District Reserve Fund has been establisherl, and W<lS accumulated throu9h a component of the
<br />annual assessments through Fiscal Year 2000/01. For Fiscal Year 2005/06 the city planned a 2"d
<br />ph<lse of landscape renovation north of San Lorenzo Creek, south of the Storm Water Treatment
<br />Pond and east of the Buffer Zone. The project is now under construction and will be completed at a
<br />cost of approximately $135,000.
<br />
<br />Property owners will f!..Q! be assessed at the milximum allowable rate in Fiscal Year 2006/07 because
<br />the Reserve Fund has been fully funded and assAssments previously collected will pay the costs of
<br />the project.
<br />
<br />Also, last fiscal year an emergency Rip Rap repair at the Shorelino was performod at a cost of
<br />$170,000. The City has loaned funds to the Assessment District for the emergency Rip Rap repair
<br />which will be repaid over the next two years.
<br />
<br />4.6. Calculation of Fiscal Year 2006/07 Assessments
<br />
<br />[_____H_-----=~-,""
<br />
<br />DESCRI
<br />
<br /> "':,.J"".".:"'. .~.~..--- FISCAL YEAR J
<br />PTION 2006/07 AMOUNT
<br />-.:=,":L~_,-:'~,. ,r.. j:.-':_;::~---.- _&'-~~.r.=<,:,,~
<br />ents are calculated as follows:
<br /> -,~~-~~~~"._._,. ~'''-~- ". ------
<br />~~.,..~"' ."'-.~~- ~._-~,,-~-~_.,.,_.,
<br />nts for Fiscal Year 2006/07:
<br />'-~.-.--.~' .._~ '''.--.----.'--.-
<br />@ $543.52 per lot per year $245,127.52
<br /> -~~~. --_.~- .- '-".. _.._-,-~.,~~ --
<br />_ per unit per year 64,492.96
<br /> .---.---- ~. __'______n.____________
<br />ants for Fiscal Year 2006/07: $309,620.48
<br /> ,~-.--- ,~-~---~--,
<br /> _.~ i--..,.. .,~--~--~-- -
<br />for Fiscal Year 2006/07:
<br /> ._"~.._~,,
<br />al Year 200610-' $273,492,22
<br /> ~"".._.
<br />ates 309,620.48
<br /> ._'''--. ----------....,----.------
<br />.~'^,.~ .~. .. ,_ ._~n~ ._ _ .... .~~,~,
<br />352 x 8833% per lot $480 10
<br /> I---,.__._~-_.-_.---
<br />8.33% per lot $320..04
<br />~~~~.-.,.--- - .... .--- ~,,~~~-~
<br />r 2006/07:
<br /> -- -,,, -- ~ .." ----~-~~,--~
<br />@ $480 10 per lot per year $216,525..10
<br />per unit per year 56,967.12
<br /> ._.~._,
<br /> 000
<br /> ,-~~~.~,._,~~- .~..-~-~
<br />006/07 $273,492.22
<br /> =-m;:r.GJ:.:.-~,...==,~::~
<br />
<br />The Fiscal Year 2006/07 assessm
<br />
<br />Calculation of Maximum Assessme
<br />--~,~"--~...~.~-,-
<br />451 Single Family Detached Lots
<br />_._~~,~.~.-,,-,.
<br />178 Motor Court Units @ $362.32
<br />._-~-~~..~---~--
<br />Total Maximum Allowable Assossm
<br />
<br />Calculation of Actual Assessments
<br />'".,._-~ ~--~~~~.~.--.,.-
<br />Tolal Estimated Assessment Fisc
<br />_.~~""~.~~_.~-- -,~-_.
<br />Total Assessments at Maximum R
<br />
<br />Single Family Detached R~te $~4
<br />Motor Court Unit Rate $362.32 x 8
<br />
<br />Actual Assessments for Fiscal Yea
<br />~'~_~~.r~~._
<br />451 Single Family Detached Lots
<br />~,~-,-~,
<br />178 Motor Court Units @ $320.04
<br />._~~~.-,~-
<br />Rounding Adjustment
<br />Total Assessments for Fiscal Year 2
<br />
<br />Fiscal Year 2006/07 assessments are to be levied at 88.33% of Maximum.
<br />
<br />Heron Bay Maintenance District Annual Rerort - City of San Leandro
<br />Prepared by NBS -- Fiscal Year 2006107
<br />
<br />4-5
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