Land Use & Zoning
In Colorado, an 'exaction' (or impact fee) is:
AA. A penalty for building code violations
BB. A fee or dedication required by a local government from a developer to offset the public costs (schools, roads, parks) associated with the new development✓ Correct
CC. A tax on real property transfers
DD. A fine imposed by the HOA on residents
Explanation
Exactions and impact fees are charges imposed by local governments on new developments to fund public infrastructure needed to serve the development — such as roads, schools, parks, and utilities. In Colorado, these must have a reasonable connection (nexus) to the impact caused by the development.
Related Colorado Land Use & Zoning Questions
- A Colorado county requires a 'preliminary plat' before approving a major subdivision. The preliminary plat typically shows:
- Colorado's 'Right to Farm' statutes protect agricultural operations from:
- Colorado's Senate Bill 23-213 (2023) aimed to address housing affordability by:
- A Colorado developer wants to build a shopping center in an area currently zoned residential. The developer must seek:
- Colorado's 'Floor Area Ratio' (FAR) in zoning regulations determines:
- In Colorado, what is the purpose of a 'subdivision plat'?
- Colorado's 'Adequate Public Facilities Ordinances' (APFO) allow municipalities to:
- In Colorado, an 'annexation' occurs when:
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →