Land Use & Zoning
In Michigan, an 'amortization provision' in a zoning ordinance for nonconforming uses requires:
ANonconforming uses to pay higher property taxes
BNonconforming uses to cease within a specified period, allowing owners time to recoup their investment before the use must terminate✓ Correct
CNonconforming uses to be purchased by the municipality
DNew conforming uses to be established within 1 year
Explanation
An amortization provision gives nonconforming use operators a reasonable period (based on the investment value) to continue the use before it must terminate or be brought into conformance with current zoning. Michigan courts have upheld amortization as a reasonable exercise of police power.
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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.
AmortizationThe gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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.
Math Concepts
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