Colorado § 24-68-104 Vested property right - duration - termination

Colorado Statutes

§ 24-68-104 — Vested property right - duration - termination

Colorado·Title 24 Government·Art. Vested Property Rights

(1)A property right which has been vested as provided for in this article shall remain vested for a period of three years. This vesting period shall not be extended by any amendments to a site specific development plan unless expressly authorized by the local government.

(2)Notwithstanding the provisions of subsection (1) of this section, local governments are hereby authorized to enter into development agreements with landowners providing that property rights shall be vested for a period exceeding three years where warranted in light of all relevant circumstances, including, but not limited to, the size and phasing of the development, economic cycles, and market conditions. Such development agreements shall be adopted as legislative acts subject to referendum.

(3)Following

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(1) A property
right which has been vested as provided for in this article shall remain vested for a
period of three years. This vesting period shall not be extended by any amendments
to a site specific development plan unless expressly authorized by the local
government.

(2) Notwithstanding the provisions of subsection (1) of this section, local
governments are hereby authorized to enter into development agreements with
landowners providing that property rights shall be vested for a period exceeding
three years where warranted in light of all relevant circumstances, including, but
not limited to, the size and phasing of the development, economic cycles, and
market conditions. Such development agreements shall be adopted as legislative
acts subject to referendum.

(3) Following approval or conditional approval of a site specific development
plan, nothing in this article shall exempt such a plan from subsequent reviews and
approvals by the local government to ensure compliance with the terms and
conditions of the original approval, if such reviews and approvals are not
inconsistent with said original approval.

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