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PART III. <br /> MOLLER RANCH 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 Part <br /> I above are based on the fact that the GHAD is comprised of residential <br /> land uses (99 single-family residential lots in Tract 6618), the City owned <br /> reservoir site, and the remaining open space parcels, Parcels A, B, C, D, E, <br /> F, G, and H), with each such lot, other than the open space parcels, <br /> sharing a similar amount of risk and benefit. <br /> The total budget for the fiscal year of the District (2011-12), in the amount <br /> of $10,400.00, was allocated to the 99 residential lots and to the one City <br /> owned reservoir site. There was no allocation to the remaining open space <br /> parcels. <br />