Improved Land

Improved Land

Improved Land means:
land that has some improvements; that is, land that has been partially or fully developed for use. Any of the following activities applied to a piece of raw land will result in improved land:

• landscaping and grading.

• installation of utilities.

• construction of roads, curbs, and/or gutters.

• construction of buildings.

Before land is improved, it may be considered a capital asset.

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