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PART III. <br />MOLLER RANCH GEOLOGIC HAZARD ABATEMENT DISTRICT <br />METHOD USED IN FORMULATING ASSESSMENTS <br />A geologic hazard abatement district ("GRAD") is essentially a benefit <br />assessment district. The proposed estimated assessments set forth in <br />Part I above are based on the fact that the CHAD is comprised of <br />residential land uses (99 single-family residential lots in Tract 6618), the <br />City owned reservoir site, and the remaining open space parcels, Parcels <br />A, B, C, D, E, F, G, and H), with each such lot, other than the open space <br />parcels, sharing a similar amount of risk and benefit. <br />The total budget for the fiscal year of the District (2007-08), in the amount <br />of $9,800.00, was allocated to the 99 residential lots and to the one City <br />owned reservoir site. There was no allocation to the remaining open <br />space parcels. <br />