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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 (2022-23), in the amount of <br />$15,322.00, is allocated to the 41 residential lots and to the City sewage lift station <br />parcel, and includes interest income. <br />