Environmental
In South Dakota, a 'brownfield' site is defined as real property where:
AThe soil is naturally brown due to iron content
BExpansion, redevelopment, or reuse may be complicated by the presence of a hazardous substance, pollutant, or contaminant✓ Correct
CAgricultural chemicals have been legally applied to the land
DThe property has been used for cattle grazing operations
Explanation
Brownfields are properties where redevelopment or reuse may be complicated by known or suspected environmental contamination. South Dakota participates in federal brownfield programs to facilitate cleanup and redevelopment of these often prime urban or industrial properties.
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Key Terms to Know
Comparable Sales (Comps)
Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
ZoningLocal 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.
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