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PART III. <br /> OAK TREE FARM GEOLOGIC HAZARD ABATEMENT DISTRICT <br /> METHOD USED IN FORMULATING ASSESSMENTS <br /> A geologic hazard abatement district "GHAD is essentially a benefit <br /> assessment district. The proposed estimated assessments set forth in <br /> Part I above are based on the fact that the GHAD is comprised of <br /> residential land uses (23 single family residential lots in Tract 6563, 16 <br /> single family residential lots in Tract 6748, and 2 single family residential <br /> lots in Parcel Map 8293), the City owned sanitary sewer pump station site, <br /> and the remaining property in Parcel Map 6359, with all lots, other than the <br /> remaining property in Parcel Map 6539, sharing a similar amount of risk <br /> and benefit. For the purpose of formulating GHAD assessments, the <br /> benefits and burdens of the GHAD have been assessed equally to the 41 <br /> residential lots and City sanitary sewer pump station site. <br /> The total proposed budget for the fiscal year of the District (2010 -11), in <br /> the amount of $11,550.00, is allocated to the 41 residential lots and to the <br /> City owned sanitary sewer pump station site. <br />