Shared Flashcard Set

Details

CH 4
Gov Controls & Real Estate Mkts
29
Finance
Undergraduate 3
07/19/2011

Additional Finance Flashcards

 


 

Cards

Term
externalities
Definition
unintended & unaccounted for consequences of 1 land user upon others
Term
comprehensive plan
Definition
general guide to a community's future growth & development
Term
economic & environmental impact statements
Definition
analyze the project's effect on surrounding areas
Term
concurrency
Definition
prohibition from further development unless adequate infrastructure, schools, police & fire protection, & social services are in place when development commences
Term
affordable housing allocation
Definition
local gov must encourage/mandate a "reasonable & fair" component of new housing construction for lower-INC fams
Term
urban service areas
Definition
boundaries are delineated around a community w/in which the local gov plans to provide public services & facilities, & beyond which urban development is discouraged/prohibited
Term
extraterritorial jurisdiction
Definition
states give local gov power to plan & control urban development outside their boundaries until annexation can occur
Term
smart growth
Definition
1. mixed land uses
2. compact building design
3. housing opportunities & choices for a range of household types, fam size, & INC
4. walkable neighborhoods
5. distinctive, attractive communities w/a strong sense of place
6. preservation of open space, farmland, natural beauty, & critical enviro areas
7. Reinvestment in & strengthening of existing communities, & balanced regional development
8. provision for a variety of transportation choices
9. predictable, fair, & cost-effective development decisions
10. citizen & stakeholder participation in development decisions
Term
New Urbanism Integrates Multiple Types of Land Uses & Restore Spaces for Community Life
Definition
[image]
Term
new urbanism
Definition
subscribes to smart growth components, but adds certain focuses
Term
nonconforming uses
Definition
when a zoning ordinance is revised some existing land uses then fall outside the new zoning classification
Term
variance
Definition
relief mechanism for cases where the regulations impose exceptional hardship & loss of value provided by a zoning ordinance
Term
exclusionary zoning
Definition
zoning ordinances that exclude lower INC groups by lg lot size, or that do not adequately provide low- & moderate-INC housing
Term
dedicated
Definition
when subdividing, become the property & responsibility of the local gov to maintain
Term
board of adjustment
Definition
charged w/reviewing petitions for variances in zoning ordinances
Term
planned unit development (PUD)
Definition
traditional requirements (distance of buildings from lot lines), & apt densities (units/acre), are allowed to vary in some areas in exchange for enhancements such as LG areas of open space & nature preservation, public facilities, & neighborhood strengthening designs
Term
performance standard
Definition
fill traditional zoning voids: traffic, watershed, green space, air quality, or other aspects of enviro
Term
impact fee
Definition
fee paid if development imposes externality costs on the community @ LG
Term
growth moratorium
Definition
prohibition of development; under rationale that growth can impose broad externalities on a community
Term
toxic waste
Definition
hazardous materials
Term
PCBs
Definition
polychlorinated biphenyls; used in electrical equipment: fluorescent lights
Term
LUSTs
Definition
leaking underground storage tanks; septic/oil tanks
Term
Radon
Definition
radioactive gas; uranium, granite, shale, phosphate
Term
eminent domain
Definition
right of gov to acquire private property, w/out owner's consent, for public use in exchange for just compensation
Term
condemnation
Definition
legal procedure involved with eminent domain
Term
public use
Definition
1 no longer requiring actual physical use by the condemning agency
Term
public purpose
Definition
clear public benefit
Term
just compensation
Definition
mkt value of property, if completely taken, or total value of all financial loss if partially taken
Term
inverse condemnation
Definition
action, initiated by a property owner against the gov, to recover the loss in property value attributed to gov activity
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