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PART III. <br /> <br />MOLLER RANCH 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 (99 single-family residential lots in Tract <br />6618), the City owned reservoir site, and the remaining open space parcels, Parcels <br />A,B,C,D,E,F,G, and H), with each such lot, other than the open space parcels, sharing a <br />similar amount of risk and benefit. <br /> <br />The total budget for the fiscal year of the District (2003-04), in the amount of $8,700.00, <br />was allocated to the 99 residential lots and to the one city owned reservoir site. There was <br />no allocation to the remaining open space parcels. <br /> <br />SR:03:138 <br />Page 18 <br /> <br /> <br />