Land Use & Zoning

A Missouri 'impact fee' charged to developers is used to:

AFund MREC operations

BOffset the public infrastructure costs caused by new development (roads, schools, utilities)✓ Correct

CCompensate neighboring property owners

DFund Missouri environmental cleanup

Explanation

Impact fees in Missouri municipalities are one-time charges to developers to offset the infrastructure costs their project imposes on the community — roads, schools, parks, utilities. They are a form of development exaction.

People Also Study

Key Terms to Know

Debt-to-Income Ratio (DTI)

A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.

Joint Tenancy

Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.

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.

Zoning

Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.