Land Use & ZoningIntermediateNorth Carolina Exam

Impact fees charged by North Carolina municipalities for new development are intended to:

APunish developers for building

BFund public infrastructure improvements necessitated by new developmentCorrect

CGenerate profit for the municipality

DReduce the tax burden on existing residents permanently, as a general rule

Why Fund public infrastructure improvements necessitated by new development Is Correct

Answer B: Fund public infrastructure improvements necessitated by new development

Development impact fees are charged to developers to offset the costs of public infrastructure (roads, schools, utilities) required to serve new development.

People Also Study

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.

Zoning

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

Variance

Official 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 Domain

The power of government to take private property for public use, with the requirement to pay the owner just compensation.