Laserfiche WebLink
EXHIBIT B (continued) <br />9. Contingency (10%) <br />Estimated Total Maintenance Cost (per year) _ <br />10. Administrative Costs (City, Engineering, Legal) 10% _ <br />11. FY `97-'98 2% increase = <br />12. Estimated Total Costs (per year) _ <br />13. Maintenance Reserve Fund <br />a) FY 1996/97 <br />$60,000 <br />b) FY 1997/98 <br />60,000* <br />c) FY 1998/99 <br />60,000 <br />d) FY 1999/2000 <br />60,000 <br />e) FY 2000/01 <br />60.000 <br />14. Estimated Total Costs (for FY `97-'98) = <br />B. Calculation of Assessments for FY `97-'98: <br />1. Calculation of Maximum Assessment for FY `97-'98 <br />a) 451 single-family detached lots: 451 x $560.12 = <br />b) for 178 motor count units: 178 x 373.40 = <br />Maximum Total Assessments `97-'98 = <br />2. Fund balance from FY `96-'97 assessments = <br />Less "Maintenance Reserve" from `96-'97 = <br />Net fund balance carry over to `97-'98 = <br />3. Calculation net assessments for FY `97-'98 <br />a) Maximum total assessments = <br />b) Less fund balance carry over = <br />c) Net assessments for FY `97-'98 = <br />4. Calculation of FY `97-'98 Assessments <br />a) 451 single-family detached @ $418.72/lot = <br />b) 178 motor court units Q $279.15/unit = <br />c) Total Assessments for FY `97-'98 = <br />21,000. <br />231,000. <br />23,000. <br />5.080. <br />259,080. <br />6 00* <br />$319,080. <br />$252,614.12 <br />$66,465.20 <br />$319,079.32 <br />$140, 549.41 <br />- $60,000.00 <br />$80,549.41 <br />$319,079.32 <br />$80,549.41 <br />$238,529.91 <br />$188, 842.72 <br />$49, 688.70 <br />$238,531.42 <br />H., <br />