Land Use & Zoning
In Tennessee, an 'impact fee' charged to developers is used to:
APay for the developer's legal costs
BOffset the cost of public infrastructure needed to serve new development✓ Correct
CCompensate adjacent property owners for construction noise
DFund TREC's operations
Explanation
Impact fees are charges levied on developers to fund capital improvements (roads, parks, schools, utilities) needed to serve new development, ensuring growth pays for its own infrastructure costs.
Related Tennessee Land Use & Zoning Questions
- A property owner in Tennessee whose land is downzoned from commercial to residential may seek compensation through:
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- Tennessee's flood plain management regulations require local governments to:
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- The 'public trust doctrine' is relevant to Tennessee real estate in that:
- A variance is a permission granted by local government to:
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- Euclidean zoning (the most common form of zoning in the U.S.) is characterized by:
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