Land Use & Zoning

In Virginia, an 'exaction' in land development refers to:

AA penalty assessed for zoning violations
BA condition of development approval requiring the developer to dedicate land or pay fees for public improvements✓ Correct
CA state tax on new construction
DAn environmental mitigation payment to Virginia DEQ

Explanation

An exaction is a requirement imposed by a locality as a condition of development approval that the developer dedicate land (e.g., for roads or parks) or pay fees in lieu of such dedication to address the development's impact on public facilities.

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