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.... PART III. <br /> <br />' OAK TREE FARM GEOLOGIC HAZARD ABATEMENT DISTRICT <br /> METHOD USED IN FORMULATING ASSESSMENTS <br /> <br /> A geologic hazard abatement district ("GHAD") is essentially a benefit <br /> assessment district. The proposed estimated assessments set forth in Part I <br /> above are based on the fact that the GHAD is comprised of residential land <br /> uses (23 single-family residential lots in Tract 6563, 15 single family <br /> residential lots in Tract 6748), the City owned sanitary sewer pump station <br /> site, and the remaining property in Parcel Map 6359, with all lots, other than <br /> the remaining property in Parcel Map 6539, sharing a similar amount of risk <br /> and benefit. For the purpose of formulating GHAD assessments, the <br /> benefits and burdens of the GHAD have been assessed equally to the 38 <br /> residential lots and City sanitary sewer pump station site. <br /> <br /> The total proposed budget for the fiscal year of the District (1997-98), in the <br /> amount of $7,500, is allocated to the 38 residential lots and to the City <br /> owned sanitary sewer pump station site. <br /> <br /> -4- <br /> <br /> <br />