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Additional <br />Basic Annual Max Assmt Reserve Total <br />Year Assessment (including cost -of -living Fund* Max Assmt <br />increase) <br />24 (FY `19-'20) <br />$468.72/unit/yr <br />$70.22* <br />$538.74/unit/yr <br />25 (FY `20-'21) <br />$478.10/unit/yr <br />$70.22* <br />$548.32/unit/yr <br />26 (FY `21-'22) <br />$487.66/unit/yr <br />$70.22* <br />$557.88/unit/yr <br />27 (FY `22-'23) <br />$497.40/unit/yr <br />$70.22* <br />$567.62/unit/yr <br />28 (FY `23-'24) <br />$507.36/unit/yr <br />$70.22* <br />$577.58/unit/yr <br />29 (FY `24-'25) <br />$517.50/unit/yr <br />$70.22* <br />$587.72/unit/yr <br />30 (FY `25-'26) <br />$527.86/unit/yr <br />$70.22* <br />$598.08/unit/yr <br />For year 31 and thereafter, the amount of the maximum assessment shall be increased each year <br />using the same formulae used above. <br />*The "Additional Reserve Fund" of $70.22/unit will be included in the assessment levied for <br />each of the first five years. Beginning with the sixth year (FY `O1-'02), and for each year <br />thereafter, this "Additional Reserve Fund" will only be levied to the extent necessary to replenish <br />the monies spent from the Reserve Fund during the previous year for maintenance costs which <br />exceeded the "Annual Maximum Assessment" income. <br />13 <br />