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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 district. <br />The proposed estimated assessments set forth in Part I above are based on the fact that the <br />GHAD is comprised of residential land uses (23 single-family residential lots in Tract 6563, <br />16 single family residential lots in Tract 6748), the City owned sanitary sewer pump station <br />site, 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 and benefit. For <br />the purpose of formulating GHAD assessments, the benefits and burdens of the GHAD <br />have been assessed equally to the 39 residential lots and City sanitary sewer pump station <br />site. <br /> <br />The total proposed budget for the fiscal year of the District (2003-04), in the amount of <br />$9,160 is allocated to the 39 residential lots and to the City owned sanitary sewer pump <br />station site. <br /> <br />SR:03:138 <br />Page 12 <br /> <br /> <br />