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PART III. <br /> MOLLER RANCH 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 6618 (Lots 1 to 99) <br /> Open Space or Trailhead Parking Parcels: <br /> Tract 6618 (Parcels A, B, C, D, E, F, G, & H) <br /> City Water Reservoir: <br /> Tract 6618 (Lot 1) <br /> Each such land use, other than the open space, access, and private park parcels, share <br /> a similar amount of risk and benefit. For the purpose of formulating GHAD <br /> assessments, the benefits and burdens of the GHAD have been assessed equally to <br /> the 99 residential lots and one City water reservoir parcel. <br /> The total budget for the fiscal year of the District (2023-24), in the amount of <br /> $14,900.00, was allocated to the 99 residential lots and to the one City water reservoir <br /> parcel, and includes interest income. There was no allocation to the remaining open <br /> space or trailhead parking parcels. <br />