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PART II1. <br /> <br /> LAUREL CREEK 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 (101 single-family <br />residential lots in Tract 6400, 39 single family residential lots in Tract 6590), the <br />City owned water reservoir sites (2), and the remaining open space parcels Tract <br />6400 Parcels A. B, D, F, G, I, N & O and Tract 6590 Parcels A & B with each, other <br />than the open space parcels .... , sharing a similar amount of risk and benefit. For the <br />purpose of formulating GHAD assessments, the benefits and burdens of the GHAD <br />have been assessed equally to the 100 residential lots and City water reservoir sites <br />(2). <br /> <br />The total proposed budget for the fiscal year of the District (1999-00), in the amount <br />of $26,520, is allocated to the 100 residential lots and to the City owned water <br />reservoir sites (2). <br /> <br /> <br />