Land Use & Zoning
A Kentucky developer provides public amenities (parks, trails) as part of a large residential development in exchange for increased density allowances. This negotiated arrangement with local government is called a:
AVariance
BDevelopment agreement✓ Correct
CSpot zoning decision
DConditional use permit
Explanation
A development agreement is a contract between a local government and a developer that specifies what the developer will provide (public amenities, infrastructure) in exchange for certain development rights (increased density, faster approval). It provides certainty for both parties.
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Key Terms to Know
Zoning
Local 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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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