Wednesday, September 22, 2010

Due Diligence Report - Regulatory Section

1. Current Rezoning Applications


During the site analysis phase, adjacent properties will be researched for proposed uses and assessed for the quality of the current use, design, and condition. Adjacent properties will impact how the PIQ is developed. Visit the local Planning Department office and meet with the senior planner. The goal is to review current rezoning applications in town and review any past rezoning cases which match the development program for the PIQ. Also, review any rezoning applications approved or denied on any property with a similar use as the PIQ and certainly for any properties in the immediate area. This is important to understand local governments view on development patterns and what conditions are imposed on applicants.

Discussing the rezoning cases with the Planning staff will give you insight on how the regulators think and how the local politicians react to a development proposal. The goal of any project is to obtain local approvals from the regulators and politicians. Understanding their perspectives on developing land is essential to the overall success of the proposed project. Including this information in the site analysis report will provide valuable insight for the client to make an informed decision.



2. Development Impact on Services & Existing Infrastructure

Most residential and non-residential projects have an impact on existing municipal infrastructure and services. In most jurisdictions, the size of the project in area, units or building square footage proposed will trigger the need for impact studies. The intent is to assess government service areas and the existing infrastructure and its capability to absorb the development potential of the project. An assessment of services may include, fire and police protection, solid waste pick-up, schools, recreation elements, etc.

The existing infrastructure i.e. roadways, intersections, water availability, sewer lines and drainage facilities should be assessed to determine if the proposed project will impact the infrastructure. To provide a remedy to adverse impacts, the developer will pay for improvements or contribute their fair share to any improvements required as a result of the project. The intent of this analysis is to define and budget for anticipated costs during the due diligence period.

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