Land Use & ZoningIntermediateAlaska Exam
In Alaska, 'impact fees' charged by municipalities to developers are used to:
ACompensate adjacent landowners for reduced property values, in most cases
BFund public infrastructure improvements needed to serve new developmentCorrect
CReimburse the state for environmental review costs
DPay for relocation assistance for displaced residents
Why Fund public infrastructure improvements needed to serve new development Is Correct
Answer B: Fund public infrastructure improvements needed to serve new development
Impact fees are one-time charges levied on new development to fund the capital improvements needed to serve that development — such as roads, water and sewer systems, parks, and schools. They allow municipalities to charge new development for its proportionate share of infrastructure costs.
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Key Terms to Know
Closing Costs
Fees and expenses paid by the buyer and/or seller at the closing of a real estate transaction, in addition to the property's purchase price.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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