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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 ("CHAD") is essentially a benefit assessment <br /> district. The proposed estimated assessments set forth in Part I above are based on the <br /> fact that the CHAD is comprised of residential land uses (23 single-family residential <br /> lots in Tract 6563, 16 single family residential lots in Tract 6748, and 2 single-family <br /> residential lots in Parcel Map 8293), the City owned sanitary sewer pump station site, <br /> and the remaining property in Parcel Map 6359, with all lots, other than the remaining <br /> property in Parcel Map 6539, sharing a similar amount of risk and benefit. For the <br /> purpose of formulating CHAD assessments, the benefits and burdens of the CHAD <br /> have been assessed equally to the 41 residential lots and City sanitary sewer pump <br /> station site. <br /> The total proposed budget for the fiscal year of the District (2019-20), in the amount of <br /> $14,424.00, is allocated to the 41 residential lots and to the City owned sanitary sewer <br /> pump station site, and includes interest income. <br />