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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 I <br /> above are based on the fact that the GHAD is comprised of residential land uses <br /> (23 single-family residential lots in Tract 6563, 16 single family residential lots in <br /> Tract 6748, and 2 single-family residential lots in Parcel Map 8293), the City <br /> owned sanitary sewer pump station site, and the remaining property in Parcel <br /> Map 6359, 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 formulating <br /> GHAD assessments, the benefits and burdens of the GHAD have been assessed <br /> equally to the 41 residential lots and City sanitary sewer pump station site. <br /> The total proposed budget for the fiscal year of the District (2015-16), in the <br /> amount of $13,016.00, is allocated to the 41 residential lots and to the City <br /> owned sanitary sewer pump station site, and includes interest income. <br />