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Resolution No. GHAD 23-134 <br /> Page 6 of 6 <br /> 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 district. The <br /> proposed estimated assessments set forth in Part I above are based on the fact that the GHAD <br /> 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 I) <br /> Each such land use, other than the open space, access, and private park parcels, share a <br /> similar 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 99 residential lots and <br /> one City water reservoir parcel. <br /> The total budget for the fiscal year of the District (2023-24), in the amount of$14,900.00, was <br /> allocated to the 99 residential lots and to the one City water reservoir parcel, and includes <br /> interest income. There was no allocation to the remaining open space or trailhead parking <br /> parcels. <br />