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<br />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 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 (99 single-family <br />residential lots in Tract 6618), the City owned reservoir site, and the remaining open <br />space parcels, Parcels A,B,C,D,E,F,G, and H), with each such lot, other than the open <br />space parcels, sharing a similar amount of risk and benefit. <br /> <br />The total budget for the fiscal year of the District (2006-07), in the amount of $9,100,00, <br />was allocated to the 99 residential lots and to the one City owned reservoir site. There <br />was no allocation to the remaining open space parcels. <br /> <br />SR:06: 189 <br />Page 23 of37 <br />