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PART III. <br /> <br />OAK TREE FARM GEOLOGIC HAZARD ABATEMENT DISTRICT <br />METHOD USED IN FORMULATING ASSESSMENTS <br /> <br />A geologic hazard abatement district ("GHAD") is essentially a benefit assessment <br />district. The proposed estimated assessments set forth in Part I above are based on <br />the fact that the GHAD is comprised of residential land uses (23 single-family <br />residential lots in Tract 6563, 16 single family residential lots in Tract 6748), the <br />City owned sanitary sewer pump station site, and the remaining property in Parcel <br />Map 6359, with all lots, other than the remaining property in Parcel Map 6539, <br />sharing a similar amount of risk and benefit. For the purpose of formulating GHAD <br />assessments, the benefits and burdens of the GHAD have been assessed equally to <br />the 39 re§idential lots and City sanitary sewer pump station site. <br /> <br />The total proposed budget for the fiscal year of the District (2001-02), in the amount <br />of $8,560 is allocated to the 39 residential lots and to the City owned sanitary sewer <br />pump station site. <br /> <br />C:\data\Counci12001 ~Resol 10akTrGHAD2001 .doc <br /> <br /> <br />