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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 Part I <br />above are based on the fact that the GRAD is comprised of residential land uses <br />(99 single-family residential lots in Tract 6618), the City owned reservoir site, and <br />the remaining open space parcels, Parcels A, B, C, D, E, F, G, and H), with each <br />such lot, other than the open space parcels, sharing a similar amount of risk and <br />benefit. <br />The total budget for the fiscal year of the District (2007-08), in the amount of <br />$9,800.00, was allocated to the 99 residential lots and to the one City owned <br />reservoir site. There was no allocation to the remaining open space parcels. <br />