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Engineer's Report FY 2010/11 <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 2010/11 Assessments <br />DESCRIPTION AMOUNT <br />Year 2010/2011 assessents are calculated as follows: <br />Calculation of Required Assessments: <br />Estimated Total District Costs $442,440.05 <br />Estimated Carry-Over from Previous Fiscal Year 152,470.00 <br />Estimated Interest Income 4,763.11 <br />Required Assessment $285,206.94 <br />Calculation of Maximum Assessments <br />451 Single Family Detached Lots Q $588.32 per lot per year $265,332.32 <br />178 Motor Court Units @ $392.20 per unit per year 69,811.60 <br />Maximum Allowable Assessment $335,143.92 <br />Calculation of Actual Assessment Rates <br />Required Assessment /Maximum Allowable Assessment 85.10°r <br />Single Family Detached Rate $588.32 x 85.10% per lot $500.66 <br />Motor Court Unit Rate $392.20 x 85.10% per unit $333.76 <br />Actual Assessments <br />451 Single Family Detached Lots Q $500.66 per lot per year $225,797.66 <br />178 Motor Court Units @ $333.76 per unit per year. 59,409.28 <br />Total Assessments for Fiscal Year 2010/2011 $285,206.94 <br />Fiscal Year 2010/11 assessments are to be levied at 85.10% of Maximum. This is a 3% <br />decrease from the Fiscal Year 2009/10 assessments. <br />Vlf l LL[~Af~t I Page 10 <br />Ffnanraal $~tVicBs <br />