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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 Part <br /> I above are based on the fact that the GHAD is comprised of residential <br /> land uses (23 single-family residential lots in Tract 6563, 16 single family <br /> residential lots in Tract 6748, and 2 single-family residential lots in Parcel <br /> Map 8293), the City owned sanitary sewer pump station site, and the <br /> 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 (2011-12), in the <br /> amount of $11 ,550.00, is allocated to the 41 residential lots and to the City <br /> owned sanitary sewer pump station site. <br />