18-40.In order to develop a parcel of land the developer may have to pay the local governmental jurisdiction:

Question

Quizplus · Accepted Answer

Impact fees are fees levied by local governments on new or expanded development projects to fund public infrastructure needed to accommodate the increased demand on local services. This type of fee is commonly used to offset the costs of road improvements, schools, parks, and other community facilities. Carrying fees, on the other hand, refer to the costs associated with holding a property while waiting for it to be developed or sold, and community growth fees generally refer to a broader range of fees charged to developers to help finance public services needed to accommodate population growth. Therefore, the best answer is (A) impact fees only.

18-40In Order to Develop a Parcel of Land the Developer