URP3000 Exam 2 Study Guide With
Complete Solution
Public capital investments - ANSWER -plans for physical public structures
- roads, bridges, water and sewer lines
- large facilities: ports, universities
capital projects - ANSWER - dictate growth, land value and use
- more powerful than land use policies because these determine the physical
potential of development
- accessibility determines land value
- major, nonrecurring expenditures
- acquisition of land for a public purpose
- construction of a new facility, major rehabilitation, major equipment
- related to planning, feasibility, engineering or design
municipal budget - ANSWER (different than capital budget)
- salaries
- generally maintenance and improvement
- ordinary operating expenditures
,Capital Improvements Plan (CIP) - ANSWER financing capital expenditures
- separate plan with separate budget
- usually drawn up together with comprehensive plan
- requires financing to smooth out debts over time
- establishes what activities will take place when and payment plans for 5
years or so
pay as you go (PAYG) financing - ANSWER "cash financing"
taxes, cash balances, impact fees, grants
pay as you use (PAYU) financing - ANSWER "debt financing"
general obligation bond, revenue bond
general obligation bond - ANSWER appropriate for capital projects
benefiting the community as a whole (normally requires voter approval)
ex) libraries, parks, civic centers
loan- guaranteed out of city treasury "full faith and credit"
- usually require referendum
- investors receive tax exempt interest
,revenue bonds - ANSWER appropriate when a specific, reliable, predictable
and sufficient revenue stream can be garnered from a project (normally does
not need voter approval)
ex) airport terminals and parking deck
-toll road: investor paid out of the revenue of the given project
financing capital expenditures - ANSWER cities get rated by standard and
poor's or other agency- default or take on too much debt and the city's
rating is lowered and it has to pay higher interest
subdivision regulations - ANSWER land-use control:
controls the manner in which blocks of land over a certain size may be
converted into building lots
means of regulating land:
- require improvements of the developer like streets, pipes, drainage- to
community standards
- can require dedication of land for schools, park, etc.
- make sure plat is in accordance with comprehensive plan
- subject to litigation and politics
- sometimes unreasonable requirements
, - frequently used as a way to screen new residents
-adaptable to the community- some require, some don't
- plat (map)
- lot lines (property lines)
- streets
-easements
- required improvements
zoning ordinances - ANSWER 1. map- divides community into a number of
zones where each parcel can be identified
2. text- can be very detailed, explains what may be constructed in each zone
zoning ordinances- size layout - ANSWER - size min/max
- setbacks
-buffering
-regulation of driveways/connection to roads
- parking
- signs
zoning ordinances- structure characteristics - ANSWER - height
Complete Solution
Public capital investments - ANSWER -plans for physical public structures
- roads, bridges, water and sewer lines
- large facilities: ports, universities
capital projects - ANSWER - dictate growth, land value and use
- more powerful than land use policies because these determine the physical
potential of development
- accessibility determines land value
- major, nonrecurring expenditures
- acquisition of land for a public purpose
- construction of a new facility, major rehabilitation, major equipment
- related to planning, feasibility, engineering or design
municipal budget - ANSWER (different than capital budget)
- salaries
- generally maintenance and improvement
- ordinary operating expenditures
,Capital Improvements Plan (CIP) - ANSWER financing capital expenditures
- separate plan with separate budget
- usually drawn up together with comprehensive plan
- requires financing to smooth out debts over time
- establishes what activities will take place when and payment plans for 5
years or so
pay as you go (PAYG) financing - ANSWER "cash financing"
taxes, cash balances, impact fees, grants
pay as you use (PAYU) financing - ANSWER "debt financing"
general obligation bond, revenue bond
general obligation bond - ANSWER appropriate for capital projects
benefiting the community as a whole (normally requires voter approval)
ex) libraries, parks, civic centers
loan- guaranteed out of city treasury "full faith and credit"
- usually require referendum
- investors receive tax exempt interest
,revenue bonds - ANSWER appropriate when a specific, reliable, predictable
and sufficient revenue stream can be garnered from a project (normally does
not need voter approval)
ex) airport terminals and parking deck
-toll road: investor paid out of the revenue of the given project
financing capital expenditures - ANSWER cities get rated by standard and
poor's or other agency- default or take on too much debt and the city's
rating is lowered and it has to pay higher interest
subdivision regulations - ANSWER land-use control:
controls the manner in which blocks of land over a certain size may be
converted into building lots
means of regulating land:
- require improvements of the developer like streets, pipes, drainage- to
community standards
- can require dedication of land for schools, park, etc.
- make sure plat is in accordance with comprehensive plan
- subject to litigation and politics
- sometimes unreasonable requirements
, - frequently used as a way to screen new residents
-adaptable to the community- some require, some don't
- plat (map)
- lot lines (property lines)
- streets
-easements
- required improvements
zoning ordinances - ANSWER 1. map- divides community into a number of
zones where each parcel can be identified
2. text- can be very detailed, explains what may be constructed in each zone
zoning ordinances- size layout - ANSWER - size min/max
- setbacks
-buffering
-regulation of driveways/connection to roads
- parking
- signs
zoning ordinances- structure characteristics - ANSWER - height
