Define impact fees and development charges

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1. Define impact fees, development charges, and special assessments. Compare and contrast each one, and advise which one, in your opinion, is the best method.

2. The Hair Port is a hair-styling salon at Riverside Mall. 4 stylists are always available to serve customers on a first-come, first-served basis. Customers arrive at an average rate of 3 per hour (Poisson distributed), and the stylists spend an average of 43 minutes (exponentially distributed) on each customer.

Reference no: EM131733004

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