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Engineer's Report FY 2009/10 <br />City of San Leandro <br />Heron Bay Maintenance Assessment District No. 96-3 <br />D. Maximum Assessments for Motor Court Units <br />There are one hundred seventy-eight (178) subdivided motor court units within the <br />District. Each of the planned motor court units is deemed to receive proportional special <br />benefit from the maintenance and operation of the improvements. When the District was <br />formed in Fiscal Year 1996/97, a basic assessment, per lot per year was established for <br />the motor court units. In addition, an annual maximum assessment was also established <br />for each future year, which included a cost of living increase to allow for reasonable <br />increases in maintenance costs. An additional reserve fund of $70.22 per unit will be <br />included in the motor court assessment per unit for each of the first five years. <br />Beginning with the sixth year (FY 2001/02), and for each year thereafter, this "Additional <br />Reserve Fund" will only be levied to the extent necessary to replenish the monies spent <br />from the Reserve Fund during the previous year for maintenance costs which exceed <br />the "annual Maximum Assessment" income. <br />The District Reserve Fund was fully funded as of June 30, 2001; therefore the <br />"Additional Reserve Fund" will not be collected in Fiscal Year 2009/10. <br />The table on the following page reflects the basic assessment, annual maximum <br />assessment Including a cost of living increase, the additional reserve fund <br />component and the total maximum assessment for motor court units per year <br />through Fiscal Year 2025/26. <br />WILLDAN I Page 8 <br />Fin2-r~d~l S8t'viGes <br />