Laserfiche WebLink
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 <br />Part I above are based on the fact that the GRAD is comprised of <br />residential land uses (23 single-family residential lots in Tract 6563, 16 <br />single family residential lots in Tract 6748, and 2single-family residential <br />lots in Parcel Map 8293), the City owned sanitary sewer pump station site, <br />and the remaining property in Parcel Map 6359, with all lots, other than the <br />remaining property in Parcel Map 6539, sharing a similar amount of risk <br />and benefit. For the purpose of formulating GRAD assessments, the <br />benefits and burdens of the GHAD have been assessed equally to the 41 <br />residential lots and City sanitary sewer pump station site. <br />The total proposed budget for the fiscal year of the District (2008-09), in <br />the amount of $10,836.00, is allocated to the 41 residential lots and to the <br />City owned sanitary sewer pump station site. <br />