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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 <br />district. The proposed estimated assessments set forth in Part I above are based on <br />the fact that the GHAD is comprised of residential land uses (12 single-family <br />residential lots in Tract 7176), and the remaining parcel, Parcel A, (River Rock Hill <br />Road), with each such lot, other than the open space parcels, sharing a similar amount <br />of risk and benefit. <br /> <br />The total budget for the fiscal year of the District (2005-06), in the amount of $8,811.00, <br />was allocated to the 12 residential lots. There was no allocation to the remaining <br />parcels. <br /> <br />SR:05:127 <br />Page 32 of 32 <br /> <br /> <br />