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Benefit assessments

When property owners within a special area are required to contribute fees to fund public space improvements that will ultimately benefit this defined area, then their properties belong to this:

A. NRHP
B. PUD
C. BID
D. LDC

AnswerC. BID. A business improvement district begins when a LDC (local development corporation) or other sponsoring org. decides to form a BID. NRHP= National Register of Historic Places, PUD = Planned Unit Development.

ARE 4.0 exam prep: PPP

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