Exam 9: Financing and Planning for Development

A benefit of tax increment financing is

General Obligation bonds typically require two-thirds voter approval.

Charges imposed on developers are passed on to housing consumers.

The courts have articulated two important tests for determining the legitimacy of impact fees.

The goal of a Special Assessment District is to prioritize a city's capital expenditures and make sure that such expenditures are consisten with the city's long range general plan.

Federal and state funding for redevelopment activities has steadily increased over recent years.

Revenue Bonds are backed by the full faith and credit obligation of the municipality or state that issues them.

The costs of development include only the construction costs of the buildings.

Proposition 13, the People's Initiative to Limit Property Taxation, limited property tax to

The two important tests used to determine the legitimacy of impact fees are: nexus and rough proportionality.

When individual properties in specific areas are levied by a special charge which is added to their tax bill, it is called

What is at the heart of an argument involving existing and new homeowners within a growing community?

What is not true of a capital improvement program?

In Nollan v. Tigard, a rational nexus was found between the permit to build and the condition of public beach access imposed

What is a city's multi-year long range plan for improving infrastructure, parks, and community facilities?

An impact fee is a mechanism for shifting from a municipality part of the cost of capital investment necessitated by new development.

Which law includes a requirement for the provision of infrastructure internal to development?

What is a rational nexus?

The ambiguity inherent in the term "blight" has resulted in claims that redevelopment tools, like Tax Increment Financing, are abused.

Which of the following tests was articulated by the courts to determine the legitimacy of impact fees?