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<br />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 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 (23 single-family <br />residential lots in Tract 6563, 16 single family residential lots in Tract 6748, and 2 <br />single-family residential lots in Parcel Map 8293), the City owned sanitary sewer pump <br />station site, and the remaining property in Parcel Map 6359, with all lots, other than the <br />remaining property in Parcel Map 6539, sharing a similar amount of risk and benefit. <br />For the purpose of formulating GHAD assessments, the benefits and burdens of the <br />GHAD have been assessed equally to the 41 residential lots and City sanitary sewer <br />pump station site. <br /> <br />The total proposed budget for the fiscal year of the District (2006-07), in the amount of <br />$10,038.00 is allocated to the 41 residential lots and to the City owned sanitary sewer <br />pump station site. <br /> <br />SR:06: 189 <br />Page 16 of37 <br />