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iWILLDAN <br />wFirwidal Services <br />C. Maximum Assessments for Single Family Detached Units <br />There are four hundred fifty-one (451) subdivided detached single-family parcels within <br />the District. Each of these is deemed to receive proportional special benefit from the <br />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 single family <br />detached lots. In addition, an annual maximum assessment was also established for <br />each future year, which included a cost of living increase to allow for reasonable <br />increases in maintenance costs. An additional reserve fund of $105.32 per lot was <br />included in the single family detached assessment per lot for each of the first five years. <br />Beginning with the sixth year (FY 2001/02), and for each year thereafter, this <br />"Additional Reserve Fund" will only be levied to the extent necessary to replenish the <br />monies spent from the Reserve Fund during the previous year for maintenance costs <br />which exceed 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 2011/12. <br />The table below reflects the basic assessment, annual maximum assessment including a cost of <br />living increase, the additional reserve fund component and the total maximum assessment for <br />single family detached lots per year through Fiscal Year 2025/26. <br />City of San Leandro Heron Bay Maintenance Assessment District No. 96-3 Page 7 <br />