Reso 2018-084 - Laserfiche WebLink

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There are four hundred fifty-one (451) subdivided detached single-family parcels within the District. Each of these is deemed to receive proportional special benefit from the maintenance and operation of the improvements. When the District was formed in Fiscal Year 1996/1997, a basic assessment, per lot per year was established for the single family detached lots. In addition, an annual maximum assessment was also established for each future year, which included a cost of living increase to allow for reasonable increases in maintenance costs. An additional reserve fund of $105.32 per lot was included in the single family detached assessment per lot for each of the first five years. Beginning with the sixth year (FY 2001/2002), and for each year thereafter, this "Additional Reserve Fund" will only be levied to the extent necessary to replenish the monies spent from the Reserve Fund during the previous year for maintenance costs which exceed the "annual Maximum Assessment" income. The District Reserve Fund was fully funded as of June 30, 2001; therefore, the "Additional Reserve Fund" will not be collected in Fiscal Year 2018/2019. The table on the following page reflects the basic assessment, annual maximum assessment including a cost of living increase, the additional reserve fund component and the total maximum assessment for single family detached lots per year through Fiscal Year 2025/2026. City of San Leandro Heron Bay Maintenance Assessment District No. 96-3 Page 8