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4.4. Maximum Assessments for the Motor Court Units <br />There are one hundred seventy-eight (178) subdivided motor court units within the District. <br />Each of the planned motor court units are deemed to receive proportional special benefit from <br />the maintenance and operation of the improvements. When the District was formed in fiscal <br />year 1996/97, a basic assessment, per lot per year was established for the motor court units. <br />In addition, an annual maximum assessment was also established for each future year, which <br />included a cost of living increase to allow for reasonable increases in maintenance costs. An <br />additional reserve fund of $70.22 per unit will be included in the motor court assessment per <br />unit for each of the first five years. Beginning with the sixth year (FY 2001/02), and for each <br />year thereafter, this "Additional Reserve Fund" will only be levied to the extent necessary to <br />replenish the monies spent from the Reserve Fund during the previous year for maintenance <br />costs which exceed the "annual Maximum Assessment" income. <br />The District Reserve Fund is fully funded as of June 30, 2001, therefore the "Additional <br />Reserve Fund" will not be collected in Fiscal Year 2001/02. <br />The table on the following page reflects the basic assessment, annual maximum assessment <br />including a cost of living increase, the additional reserve fund component and the total <br />maximum assessment for motor court units per year through fiscal year 2025/26. <br />4-2 <br />