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Statements

Subject Item
dbr:Exaction
rdfs:label
Exaction
rdfs:comment
An exaction is a concept in US real property law where a condition for development is imposed on a parcel of land that requires the developer to mitigate anticipated negative impacts of the development. The rationale for imposing the exaction is to offset the costs, defined broadly in economic terms, of the development to the municipality. Exactions are similar to impact fees, which are direct payments to local governments instead of conditions on development.
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dbc:Real_property_law dbc:Takings_Clause_case_law
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14126786
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1094155550
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dbr:Greenway_(landscape) dbr:Koontz_v._St._Johns_River_Water_Management_District dbc:Takings_Clause_case_law dbr:Impact_fees dbr:Supreme_Court_of_the_United_States dbr:Externality dbr:Real_property_law dbr:Easement dbc:Real_property_law dbr:Eminent_domain_in_the_United_States dbr:Fifth_Amendment_to_the_United_States_Constitution dbr:Tigard,_Oregon dbr:Dolan_v._City_of_Tigard dbr:Nollan_v._California_Coastal_Commission
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An exaction is a concept in US real property law where a condition for development is imposed on a parcel of land that requires the developer to mitigate anticipated negative impacts of the development. The rationale for imposing the exaction is to offset the costs, defined broadly in economic terms, of the development to the municipality. Exactions are similar to impact fees, which are direct payments to local governments instead of conditions on development.
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wikipedia-en:Exaction