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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 <br /> in 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, <br /> 16 single family residential lots in Tract 6748, and 2 single-family <br /> residential lots in Parcel Map 8293), the City owned sanitary sewer <br /> pump station site, and the remaining property in Parcel Map 6359, <br /> with all lots, other than the remaining property in Parcel Map 6539, <br /> sharing a similar amount of risk and benefit. For the purpose of <br /> formulating GHAD assessments, the benefits and burdens of the <br /> GHAD have been assessed equally to the 41 residential lots and City <br /> sanitary sewer pump station site. <br /> The total proposed budget for the fiscal year of the District (2012-13), <br /> in the amount of $11,760.00, is allocated to the 41 residential lots and <br /> to the City owned sanitary sewer pump station site. <br />