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PART III. <br /> MOLLER RANCH 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 /> (99 single-family residential lots in Tract 6618), the City owned reservoir site, and <br /> the remaining open space parcels, Parcels A, B, C, D, E, F, G, and H), with each <br /> such lot, other than the open space parcels, sharing a similar amount of risk and <br /> benefit. <br /> The total budget for the fiscal year of the District (2016-17), in the amount of <br /> $12,200.00, was allocated to the 99 residential lots and to the one City owned <br /> reservoir site, and includes interest. There was no allocation to the remaining <br /> open space parcels. <br />