Vestright week 2 Flashcards
What is the feasibility study also known as
The due diligence period
What are the sticks 6 steps of the development process
Feasibility study man juice application my news app submission approval process land use approval and subdivision Construction
Land Developers have who under them?
Engineer, Geotechincal Engineer, Traffic Engineer, Environmental Scientist, Hazardous material inspector, Suveyor, The title company
Civil Engineers duties
Prepares the initial subdivision layout in other words plotting the land
Understand and follow the code requirements
prepare a cost estimate
prepare all applications
attend all meetings stop
Advise the developer of decisions that have to be made
manic subcontractors
Which player is the Hub of the project?
Engineer
What does a layout stand for
A rendering of how a piece of property could potentially be subdivided or laid out
What does a Geotechincal Engineer do?
Investigating understand what is beneath the ground surface to determine if the subsurface is stable enough to build homes on
What does a Traffic
Engineer do?
Studies what impacts a new subdivision will have on existing Street and Roads
determines how many new trips will be added by the new subdivision
What does Environmental Scientist do
Determines how much ground will be lost or natural resource area
What is a bugger known as
The space between the natural resource and the lot
Lists of Property ownership info from Title company
Farms
The only way to get an accurate way to know if the property is going to possibly work for you is to do what
Pay for a feasibility study
When is the earnest money paid
after we have done the feasibility study
What will Engineer do in stage one of Feas Study?
schedule the Wetland biologist determine actual buildable ground determine lot yield create layout fine-tune layout with developer prepare packet for pre-application conference
What is a pre-application conference
Meeting with City County planner City County engineer Sanitary sewer department Water Department Fire Etc
In this you will receive comments thoughts feedback on the developments purple proposed plan
Give developers a good sense of what does and doesn’t work in the proposed development plan
Pre Application Conference
Stage 3 consist of what?
finalize the layout to another round of changes and tweaks
order a phase 1 Environmental study / soil containment testing
what are hazards materials inspection if there is an existing structure
Stage 4 consist of what?
The construction cost estimate.
how much will it cost for the streets utility lines streetlights Landscaping excetera
Once the feasibility study is done you will spend approximately how much?
$20K-$50K
Feasibility studies take around how long to complete
90 days
The act of a jurisdiction granting permission to a developer to move forward actually built the subdivision
Land Use Approval
Land Use Application
A package of documents compiled by the developers engineer that will be submitted to the jurisdiction so the city or county request remove you in formal approval for the developers subdivisions proposal
This means that they have all the proper information needed to be able to review it and possibly approve it but it does not mean it is approved
Deemed Complete
Most jurisdictions by law have how many days from the time they deem the land-use application complete to review the application to decide if they’re going to approve it it’s approved the project
120 days
Preliminary plat approval is also known as what
entitlements
