Colorado § 25-8.5-118 Power to levy special assessments

Colorado Statutes

§ 25-8.5-118 — Power to levy special assessments

Colorado § 25-8.5-118

Title 25Public

Art.Cherry Creek Basin Water Quality Authority

This text of Colorado § 25-8.5-118 (Power to levy special assessments) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 25-8.5-118 (2026).

Text

(1)The board, in the name of the authority, for the purpose of defraying all the cost of acquiring or constructing, or both, any project or facility authorized by this article, or any portion of the cost thereof not to be defrayed with moneys available therefor from its own funds, any special funds, or otherwise, also has the power under this article:

(a)To levy assessments against all or portions of the property within the authority and to provide for collection of the assessments pursuant to part 6 of article 20 of title 30, C.R.S.;

(b)To pledge the proceeds of any assessments levied under this article to the payment of assessment bonds and to create liens on such proceeds to secure such payments;

(c)To issue assessment bonds payable from the assessments, which assessment

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(1) The board, in the name
of the authority, for the purpose of defraying all the cost of acquiring or
constructing, or both, any project or facility authorized by this article, or any portion
of the cost thereof not to be defrayed with moneys available therefor from its own
funds, any special funds, or otherwise, also has the power under this article:

(a) To levy assessments against all or portions of the property within the
authority and to provide for collection of the assessments pursuant to part 6 of
article 20 of title 30, C.R.S.;

(b) To pledge the proceeds of any assessments levied under this article to
the payment of assessment bonds and to create liens on such proceeds to secure
such payments;

(c) To issue assessment bonds payable from the assessments, which
assessment bonds shall constitute special obligations of the authority and shall not
be a debt of the authority; and

(d) To make all contracts, to execute all instruments, and to do all things
necessary or convenient in the exercise of the powers granted in this article or in
the performance of the authority's duties or in order to secure the payment of its
assessment bonds.

(2) The authority shall give notice, by publication once in a newspaper of
general circulation in the authority, to the owners of the property to be assessed,
which shall include:

(a) The kind of improvements proposed;

(b) The number of installments and the time in which the cost of the project
will be payable;

(c) A description of the properties which will be assessed;

(d) The probable cost per acre or other unit basis which, in the judgment of
the authority, reflects the benefits which accrue to the properties to be assessed;
except that no benefit shall accrue to agricultural lands;

(e) The time, not less than thirty days after the publication, when a resolution
authorizing the improvements will be considered;

(f) A map of the properties to be assessed, together with an estimate and
schedule showing the approximate amounts to be assessed, and a statement that
all resolutions and proceedings are on file and may be seen and examined by any
interested person at the office of the authority or other designated place at any
time within said period of thirty days; and

(g) A statement that all complaints and objections by the owners of property
to be assessed in writing concerning the proposed improvements will be heard and
determined by the authority before final action thereon.

(3) The finding, by resolution, of the board that said improvements were
ordered after notice given and after hearing held and that such proposal was
properly initiated by the said authority shall be conclusive of the facts so stated in
every court or other tribunal.

(4) Any resolution or order regarding the assessments or improvements may
be modified, confirmed, or rescinded at any time prior to the passage of the
resolution authorizing the improvements.