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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 assessment <br /> district. The proposed estimated assessments set forth in Part I above are based on <br /> the fact that the GHAD is comprised of the following land uses: <br /> Single Family Residential Lots: <br /> Tract 6563 (Lots 1 to 21, 23 and Parcel B) <br /> Tract 6748 (Lots 1 to 15) <br /> Parcel Map 8293 (Parcels 1 to 3) <br /> Sewage Lift Station Parcel: <br /> Tract 6748 (Grant Deed by separate instrument) <br /> Open Space Parcels: <br /> Tract 6563 (Parcels A and C) <br /> Each such land use, other than the open space parcels, share a similar amount of risk <br /> and benefit. For the purpose of formulating GHAD assessments, the benefits and <br /> burdens of the GHAD have been assessed equally to the 41 residential lots and City <br /> sewage lift station parcel. <br /> The total budget for the fiscal year of the District (2020-21), in the amount of <br /> $14,776.00, is allocated to the 41 residential lots and to the City sewage lift station <br /> parcel, and includes interest income. <br />