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T. ENGINEER'S LETTER <br />WHEREAS, the City Engineer ("City Engineer") of the City of San Leandro (the "City"), State of <br />California, pursuant to Chapter 5, Title II of the San Leandro Municipal Code, ordered the Annual <br />Engineer's Report for the Heron Bay Maintenance Assessment District, Assessment District No. 96-3 <br />("District") to be prepared; <br />WHEREAS, the City Engineer directed NBS Government Finance Group, DBA NBS, to prepare <br />and file the Annual Engineer's Report presenting plans and specifications describing the general <br />nature, location and extent of the improvements to be maintained, an estimate of the costs of the <br />maintenance, operations and servicing of the improvements for the District for the referenced Fiscal <br />Year, a diagram for the District, showing the area and properties to be assessed, and an assessment <br />of the estimated costs of the maintenance, operations and servicing the improvements, assessing the <br />net amount upon all assessable lots and/or parcels within the District in proportion to the special <br />benefit received; <br />NOW THEREFORE, the following assessment is made to cover the portion of the estimated <br />costs of maintenance, operation and servicing of said improvements to be paid by the assessable real <br />property within the District in proportion to the special benefit received: <br />SUMMARY OF ASSESSMENT <br />Descri tion As Ap roved <br />Estimated Fiscal Year 2005/06 Costs: <br />Maintenance $374,000.00 <br />Contingency 14 700.00 <br />Administration 15,000.00 <br />Subtotal $403,700.00 <br />Contribution from Carry-Over Funds ($166,331.00) <br />Estimated 2005106 Costs -Total $237,369.00 <br /> <br />2005106 Estimated Funds Sources: <br />Assessments at 78.20% of Maximum $237,369.00 <br /> <br />2005106 Assessments: <br />451 Single Family Detached $416.68 $187,922.68 <br />178 Motor Court Units @ $277.79 49,446.62 <br />Rounding (0.30) <br />Total 2005106 Assessments $237,369.00 <br /> <br />District Reserve Fund Balance: <br />Estimated Balance at June 30, 2005 $300,000.00 <br />Contribution from available funds 0.00 <br />Estimated fund balance June 30, 2006 $300,000.00 <br />I, the undersigned, respectfully submit the enclosed Engineer's Report and, to the best of my <br />knowledge, information and belief, the Engineer's Report, Assessments, and the Assessment <br />Diagram herein have been prepared and computed in accords with the or r o the City Council of <br />the City of San Leandro. <br />NBS Government Finance Group, DBA NBS <br />Prepared by NBS 1-1 <br />