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PART IlL <br /> <br />MOI. LER RANCH GEOLOGIC HAZARD ABATEMENT DISTRICT <br />METHOD USED IN FORMULATING ASSESSMENTS <br /> <br />A geologic hazard abatement district ("GHAD") is essentially a benefit <br />assessment district. The proposed estimated assessments set forth in Part I <br />above are based on the fact that the GHAD is comprised of residential land <br />uses (99 single-family residential [ors in Tract 6618), the City owned reservoir <br />site, and the remaining open space parcels, Parcels A,B,C,D,E,F,G, and H), <br />with each such lot, other than the open space parcels, sharing a similar <br />amount of risk and benefit. <br /> <br />The total budget for the fiscal year of the District (2004-05), in the amount of <br />$8,700.00, was allocated to the 99 residential lots and to the one city owned <br />reservoir site. There was no allocation to the remaining open space parcels. <br /> <br /> <br />