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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 assessment <br /> district. The proposed estimated assessments set forth in Part I above are based on the <br /> fact that the GHAD is comprised of residential land uses (99 single-family residential <br /> lots in Tract 6618), the City owned reservoir site, and the remaining open space parcels, <br /> Parcels A, B, C, D, E, F, G, and H), with each such lot, other than the open space <br /> parcels, sharing a similar amount of risk and benefit. <br /> The total budget for the fiscal year of the District (2020-21), in the amount of <br /> $13,900.00, was allocated to the 99 residential lots and to the one City owned reservoir <br /> site, and includes interest income. There was no allocation to the remaining open space <br /> parcels. <br />