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8G Consent 2016 0620
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8G Consent 2016 0620
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Last modified
6/5/2019 9:26:38 AM
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6/14/2016 3:56:52 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/20/2016
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_CC Agenda 2016 0620 CS + RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0620
Reso 2016-084
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
Reso 2016-085
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
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be levied to the extent necessary to replenish the monies spent from the Reserve Fund <br />during the previous year for maintenance costs which exceed the "annual Maximum <br />Assessment" income. <br />The District Reserve Fund was fully funded as of June 30, 2001; therefore, the "Additional <br />Reserve Fund" will not be collected in Fiscal Year 2016/2017. <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 />motor court units per year through Fiscal Year 2025/2026. <br />Motor Court Maximum Assessments <br />Assessment <br />per year <br />Fiscal Year cost -of -living <br />Maximum I <br />per unit <br />(including <br />increase) <br />W <br />AdditionalAnnual <br />Total <br />Reserve Fund (1) unit <br />Maximum <br />per year <br />1996/97 <br />$297.24 <br />$70.22 <br />$367.46 <br />1997/98 <br />$303.18 <br />$70.22 <br />$373.40 <br />1998/99 <br />$309.24 <br />$70.22 <br />$379.46 <br />1999/00 <br />$315.42 <br />$70.22 <br />$385.64 <br />2000/01 <br />$321.74 <br />$70.22 <br />$391.96 <br />2001/02 <br />$328.18 <br />$70.22 <br />$398.40 <br />2002/03 <br />$334.74 <br />$70.22 <br />$404.96 <br />2003/04 <br />$341.44 <br />$70.22 <br />$411.66 <br />2004/05 <br />$348.26 <br />$70.22 <br />$418.48 <br />2005/06 <br />$355.22 <br />$70.22 <br />$425.44 <br />2006/07 <br />$362.32 <br />$70.22 <br />$432.54 <br />2007/08 <br />$369.58 <br />$70.22 <br />$439.80 <br />2008/09 <br />$376.98 <br />$70.22 <br />$447.20 <br />2009/10 <br />$384.52 <br />$70.22 <br />$454.74 <br />2010/11 <br />$392.20 <br />$70.22 <br />$462.42 <br />2011/12 <br />$400.04 <br />$70.22 <br />$470.26 <br />2012/13 <br />$408.04 <br />$70.22 <br />$478.26 <br />2013/14 <br />$416.20 <br />$70.22 <br />$486.42 <br />2014/15 <br />$424.54 <br />$70.22 <br />$494.76 <br />2015/16 <br />$433.02 <br />$70.22 <br />$503.24 <br />2016/17 <br />$441.68 <br />$70.22 <br />$511.90 <br />2017/18 <br />$450.52 <br />$70.22 <br />$520.74 <br />2018/19 <br />$459.52 <br />$70.22 <br />$529.74 <br />2019/20 <br />$468.72 <br />$70.22 <br />$538.74 <br />2020/21 <br />$478.10 <br />$70.22 <br />$548.32 <br />2021/22 <br />$487.66 <br />$70.22 <br />$557.88 <br />2022/23 <br />$497.40 <br />$70.22 <br />$567.62 <br />2023/24 <br />$507.36 <br />$70.22 <br />$577.58 <br />2024/25 <br />$517.50 <br />$70.22 <br />$587.72 <br />2025/26 <br />$527.86 <br />$70.22 <br />$598.08 <br />(') The Additional Reserve Fund will not be collected in Fiscal Year 2016/2017. The Reserve Fund has <br />been fully funded. <br />Maximum Assessment calculation rounded down to the nearest even decimal. <br />
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