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PART Ili. <br />MOLLER RANCH GEOLOGIC HAZARD ABATEMENT DISTRICT <br />METHOD USED IN FORMULATING ASSESSMENTS <br />A geologic hazard abatement district ("GRAD") is essentially a benefit assessment district. The <br />proposed estimated assessments set forth in Part I above are based on the fact that the GRAD <br />is comprised of residential land uses (99 single-family residential lots in Tract 6618), the City <br />owned reservoir site, and the remaining open space parcels, Parcels A, B, C, D, E, F, G, and <br />H), with each 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 (2008-09), in the amount of $9,800.00, was <br />allocated to the 99 residential lots and to the one City owned reservoir site. There was no <br />allocation to the remaining open space parcels. <br />