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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 />E. District Reserve Fund <br />An additional levy of up to $105.32/year/single-family detached unit and <br />$70.22/year/motor court unit is assessed when the reserve fund needs replenishment. <br />The Reserve Fund is fully funded and no levy will be required to replenish it this fiscal <br />year. <br />F. Calculation of Fiscal Year 2009/10 Assessments <br />~ DESCRIPTION AMOUNT ~ <br />The Fiscal Year 2009/2010 assessents are calculated as follows: <br />Calculation of Required Assessments: <br />Estimated Total District Costs 427,397.00 <br />Estimated Carry-Over from Previous Fiscal Year 124,869.06 <br />Estimated Interest Income 8,776.00 <br />Required Assessment 293,751.94 <br />Calculation of Maximum Assessments <br />451 Single Family Detached Lots @ $576.80 per lot per year $260,136.80 <br />178 Motor Court Units @ $384.52 per unit per year 68,444.56 <br />Maximum Allowable Assessment $328,581.36 <br />Calculation of Actual Assessment Rates <br />Required Assessment /Maximum Allowable Assessment 89.40% <br />Single Family Detached Rate $576.80 x 89.40% per lot $515.66 <br />Motor Court Unit Rate $384.52 x 89.40% per unit $343.76 <br />Actual Assessments <br />451 Single Family Detached Lots @ $515.66 per lot per year $232,562.66 <br />178 Motor Court Units @ $343.76 per unit per year 61,189.28 <br />Rounding Adjustment <br />Total Assessments for Fiscal Year 2009/2010 $293,751.94 <br />Fiscal Year 2009/10 assessments are to be levied at 89.40% of Maximum. This is a 6% <br />decrease from the Fiscal Year 2008/09 assessments. <br />~l'~/~ ~~~/~~ Page 10 <br />Fin~nCs~l $erviCefi <br />