Reso 2020-064 Engineers Report FY20-21 Heron Bay MAD No 96-3

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11Y W I LLDAN For Fiscal Year 2026/2027 and thereafter, the amount of the maximum assessment shall be increased each year using the same formula used above. E. District Reserve Fund An additional levy of up to $105.32/year/single-family detached unit and $70.22/year/motor court unit is assessed when the reserve fund needs replenishment. The Reserve Fund is fully funded and no levy will be required to replenish it this fiscal year. F. Calculation of Fiscal Year 2020/2021 Assessments The Fiscal Year 2020/2021 Assessment Rates are based on a percentage of the Maximum Allowable Assessment. The estimated annual cost of operating and maintaining the District improvements for the Fiscal Year shall be determined (Total Costs). Any surpluses or deficits from the previous Fiscal Year shall be identified and applied as a credit or debit to the district. This credit or debit along with revenues from other sources such as interest earnings or General Fund contributions shall be applied to the "Total Cost" to determine the net amount to be raised by assessment (Required Assessment). The percentage of Maximum Allowable Assessment (Percent of Maximum) is determined by dividing the Required Assessment by the Maximum Allowable Assessment (Maximum Assessment). The Maximum Assessment per Single Family Detached and Motor Court Units shall be determined by multiplying the Percentage of Maximum by their respective Maximum Assessment Rate per parcel based on Land Use to determine the cost to be assessed per lot or unit (2020/2021 Assessment Rate). The following formulas are used to calculate each property's assessment: Total Required Assessment / Maximum Assessment = Percentage of Maximum Levy Percentage of Maximum Levy x Maximum Assessment Rate = Applied Assessment Rate Lot or Unit X Applied Assessment Rate = Parcel Levy Amount Fiscal Year 2020/2021 applied assessments are to be levied at 75.00% of Maximum. The total Fiscal Year 2020/2021 Assessment has decreased by approximately $67,390.38 from the Fiscal Year 2019/2020 Assessment. The table below summarizes the current year maximum and applied assessments and rates: Single Family Detached 451 $717.16 $323,439.16 $242,574.86 $537.86 75.00% Motor Court Units 178 $478.10 85,101.80 63,827.24 $358.58 75.00% Totals $408,540.96 $306,402.10 Alameda County requires that assessments placed on the tax roll be divisible by two. City of San Leandro Heron Bay Maintenance Assessment District No. 96-3 Page 11