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PART III. <br /> <br /> MOLLER RANCH 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 (99 single-family residential lots in Tract 6618), the City owned <br />reservoir site, and the remaining open space parcels, Parcels A,B,C,D,E,F,G, <br />and H), with each such lot, other than the open space parcels, sharing a <br />similar amount of risk and benefit. <br /> <br />The total budget for the fiscal year of the District (1997-98), in the amount <br />of 97,400.00, was allocated to the 99 residential lots and to the one city <br />owned reservoir site. There was no allocation to the remaining open space <br />parcels. <br /> <br />resornollr.sam.sm <br /> <br /> <br />