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Reso 1996-083
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Reso 1996-083
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5/26/2016 11:50:04 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
5/20/1996
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PERM
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Annual Max. Additional <br /> Basic Assmt (including cost- Reserve Total Max. <br /> Year Assessment of-living in rease) Fund* Assmt <br /> 23 (FY `18-'19) $689.32/lot/yr $105.32* $794.64/lot/yr <br /> 24 (FY `19-'20) $703.10/lot/yr $105.32* $808.42/lot/yr <br /> 25 (FY `20-'21) $717.16/lot/yr $105.32* $822.48/lot/yr <br /> 26 (FY `21-'22) $731.50/lot/yr $105.32* $836.82/lot/yr <br /> 27 (FY `22-'23) $746.14/lot/yr $105.32* $851.46/lot/yr <br /> 28 (FY `23-'24) $761.06/lot/yr $105.32* $866.38/lot/yr <br /> 29 (FY `24-'25) $776.28/lot/yr $105.32* $881.60/lot/yr <br /> 30 (FY `25-'26) $791.80/lot/yr $105.32* $897.12/lot/yr <br /> For year 31 and thereafter, the amount of the maximum assessment shall be increased each <br /> year using the same formulae used above. <br /> *The "Additional Reserve Fund" of$105.32/lot will be included in the assessment levied for <br /> each of the first five years. Beginning with the sixth year (FY `01-'02), and for each year <br /> 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 exceeded the "Annual Maximum Assessment" income. <br /> Exhibit B 5 of 7 <br /> 11 <br />
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