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PART III. <br />LEMOINE RANCH ESTATES 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 7176 (Lots 1 to 12) <br />Open Space and Private Road Parcel: <br />Tract 7176 (Parcel A) <br />Each such land use, other.than the open space and private road parcel, share a similar <br />amount of risk and benefit. For the purpose of formulating GHAD assessments, the <br />benefits and burdens of the GHAD have been assessed equally to the 12 residential <br />lots. <br />The total budget for the fiscal year of the District (2022-23), in the amount of <br />$10,400.00, was allocated to the 12 residential lots, and includes interest income. There <br />was no allocation to the remaining parcel. <br />