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PART III. <br />OAK TREE FARM 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 Part I <br />above are based on the fact that the GRAD is comprised of residential land uses <br />(23 single-family residential lots in Tract 6563, 16 single family residential lots in <br />Tract 6748, and 2single-family residential lots in Parcel Map 8293), the City <br />owned sanitary sewer pump station site, and the remaining property in Parcel <br />Map 6359, with all lots, other than the remaining property in Parcel Map 6539, <br />sharing a similar amount of risk and benefit. For the purpose of formulating <br />GHAD assessments, the benefits and burdens of the GRAD have been assessed <br />equally to the 41 residential lots and City sanitary sewer pump station site. <br />The total proposed budget for the fiscal year of the District (2007-08), in the <br />amount of $10,794.00, is allocated to the 41 residential lots and to the City <br />owned sanitary sewer pump station site. <br />