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Resolution No. GHAD 23-135 <br /> Page 6of6 <br /> PART III. <br /> LEMOINE 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 7176 (Lots 1 to 12) <br /> Open Space and Private Road Parcel: <br /> Tract 7176 (Parcel A) <br /> Each such land use, other than the open space and private road parcel, share a similar amount <br /> of risk and benefit. For the purpose of formulating GHAD assessments, the benefits and <br /> burdens of the GHAD have been assessed equally to the 12 residential lots. <br /> The total budget for the fiscal year of the District (2023-24), in the amount of$10,760.00, was <br /> allocated to the 12 residential lots, and includes interest income. There was no allocation to the <br /> remaining parcel. <br />