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PART III. <br /> <br />LEMOINE RANCH ESTATES GEOLOGIC HAZARD ABATEMENT DISTRICT <br /> METHOD USED IN FORMULATING ASSESSMENTS <br /> <br />A geologic hazard abatement district ("GHAD") is essentially a benefit assessment district. <br />The proposed estimated assessments set forth in Part I above are based on the fact that the <br />GHAD is comprised of residential land uses (12 single-family residential lots in Tract 71 76, <br />and the remaining open space parcel "A'), with each such lot, other than the open space <br />parcels, sharing a similar amount of risk and benefit. <br /> <br />The total budget for the fiscal year of the District (2004-05), in the amount of $6,000.00, <br />was allocated to the 12 residential lots. There was no allocation to the remaining open <br />space parcels. <br /> <br /> <br />