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Colorado Statutes, Title 32

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Title 32, Special Districts

0 chapters · 784 sections in this title.

All chapters in Title 32784 Ch 11209 Ch 1143 Ch 977 Ch 463 Ch 746 Ch 1536 Ch 11.535 Ch 1433 Ch 1229 Ch 2217 Ch 1316 Ch 1915 Ch 1714 Ch 2114

209 sections·Filtered byTitle 32✕Ch 11✕

Colo. Rev. Stat. § 32-11-565 Method of issuing refunding bonds
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(1) Subject to the provisions of sections 32-11-525 and 32-11-526, any such bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds being refunded or may be publicly or privately sold. (2) The refunding bonds, or any part thereof, except …
Colo. Rev. Stat. § 32-11-566 Conditions for refunding
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(1) No such bonds may be refunded under this article unless they have been outstanding for at least one year from the date or respective dates of their delivery, and unless the holders thereof voluntarily surrender them for exchange or payment, or unless they either mature or are…
Colo. Rev. Stat. § 32-11-567 Disposition of refunding bond proceeds
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(1) Except as otherwise provided in this article, the proceeds of such refunding bonds shall either be immediately applied to the retirement of the bonds to be refunded, or be placed in escrow or trust in any trust bank within or without or both within and without this state to b…
Colo. Rev. Stat. § 32-11-568 Administration of escrow or trust

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(1) No such escrow or trust shall necessarily be limited to proceeds of refunding bonds but may include other moneys available for its purpose. (2) Any proceeds in escrow or trust, pending such use, may be invested or reinvested in securities meeting the investment requirements e…

Colo. Rev. Stat. § 32-11-569 Security for payment of refunding bonds

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Refunding bonds may be made payable from any taxes or pledged revenues, or both taxes and such revenues, which might be legally pledged for the payment of the bonds being refunded at the time of the refunding or at the time of the issuance of the bonds being refunded, as the boar…

Colo. Rev. Stat. § 32-11-570 Combination of bond purposes

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Bonds for refunding and bonds for any other purpose authorized by this article or by any other law may be issued separately or issued in combination in one series or more by the district in accordance with the provisions of this article. Source: L. 69: p. 784, § 112. C.R.S. 1963:…

Colo. Rev. Stat. § 32-11-571 Applicability of other statutory provisions

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Except as expressly provided or necessarily implied in sections 32-11-564 to 32-11-570, the relevant provisions elsewhere in this article pertaining generally to the issuance of bonds to defray the cost of any project shall be equally applicable in the authorization and issuance …

Colo. Rev. Stat. § 32-11-601 Special assessments

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(1) The board, pursuant to this part 6 and to sections 32-11-803 to 32-11-808, upon the behalf and in the name of the urban district, for the purpose of defraying all the cost of acquiring or improving or acquiring and improving any project authorized by this article, or any port…

Colo. Rev. Stat. § 32-11-602 Initiating procedure

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(1) The procedure for acquiring or improving, or acquiring and improving, any assessment project can be initiated in one of the following ways: (a) The provisional order method; or (b) The petition method. Source: L. 69: p. 785, § 115. C.R.S. 1963: § 89-21-115.

Colo. Rev. Stat. § 32-11-603 Provisional order method

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(1) Whenever the board is of the opinion that the interest of the urban district requires any assessment project, the board, by resolution, shall direct the engineer to prepare: (a) Preliminary plans showing: (I) A typical section of the contemplated project; and (II) The types o…

Colo. Rev. Stat. § 32-11-604 Petition method

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(1) Whenever the owner or owners of tracts to be assessed in the proposed improvement district for not less than ninety-five percent of the entire cost of any project, including all incidental expenses, comprising more than fifty percent of the area of such territory and also com…

Colo. Rev. Stat. § 32-11-605 Subsequent procedure

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Upon the filing of such a petition, the board shall proceed in the same manner as is provided by this article where proceedings are initiated by the board, except as otherwise expressly provided or necessarily implied in section 32-11-604. Source: L. 69: p. 787, § 118. C.R.S. 196…

Colo. Rev. Stat. § 32-11-606 Combination of programs

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(1) More than one improvement program may be combined in one improvement district when the board determines such programs may be combined together in an efficient and an economical improvement district. (2) If in the combination of improvement programs, they are separate and dist…

Colo. Rev. Stat. § 32-11-607 Effect of estimates

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(1) No estimate of cost required or authorized in this article shall constitute a limitation upon such cost or a limitation upon the rights and powers of the board or of any officers, agents, or employees of the urban district, except as otherwise expressly stated in this article…

Colo. Rev. Stat. § 32-11-608 Fixing hearing and notice

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(1) In the provisional order the board shall set a time at least twenty days thereafter and a place at which the owners of the tracts to be assessed or any other persons interested therein may appear before the board and be heard as to the propriety and advisability of acquiring …

Colo. Rev. Stat. § 32-11-609 Content of notice

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(1) The notice shall describe: (a) The kind of project proposed (without mentioning minor details or incidentals); (b) The estimated cost of the project, and the part or portion, if any, to be paid from sources other than assessments; (c) The basis for apportioning the assessment…

Colo. Rev. Stat. § 32-11-610 Subsequent modifications

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(1) All proceedings may be modified or rescinded wholly or in part by resolution adopted by the board at any time prior to the passage of the resolution adopted pursuant to section 32-11-614 creating the improvement district and authorizing the project. (2) No substantial change …

Colo. Rev. Stat. § 32-11-611 Provisional order hearing

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(1) On the date and at the place fixed for the provisional order hearing, any property owners interested in such project may by specific and written complaints, protests, or objections present their views in respect to the proposed project to the board or may present them orally.…

Colo. Rev. Stat. § 32-11-612 Appeal from adverse order

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Any person filing a written complaint, protest, or objection on any one or more specific grounds as provided in section 32-11-611, shall have the right within thirty days after the board has finally passed on such complaint, protest, or objection by resolution, as provided in sec…

Colo. Rev. Stat. § 32-11-613 Post-hearing procedure

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(1) After the provisional order hearing is held and after the board has disposed of all complaints, protests, and objections, verbal and in writing, the board shall determine whether to proceed with the improvement district and with each assessment unit therein, if there is more …

Colo. Rev. Stat. § 32-11-614 Creation of district

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(1) When an accurate estimate of cost, full and detailed plans and specifications, and the map and assessment plat are prepared, presented, and satisfactory to the board, regardless of whether the preliminary estimate of cost, plans, and specifications, map and assessment plat ar…

Colo. Rev. Stat. § 32-11-615 Methods of acquisition or improvement

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(1) Any construction work for any project or portion thereof shall be done in any one or more of the following three ways: (a) By independent contract; (b) By use of district owned or leased equipment and district officers, agents, and employees; or (c) By any public body or by t…

Colo. Rev. Stat. § 32-11-616 Construction contracts

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(1) No contract for doing construction work for acquiring or improving the project contemplated shall be made or awarded nor shall the board incur any expense or any liability in relation thereto, except for maps, plats, diagrams, estimates, plans, specifications, and notices unt…

Colo. Rev. Stat. § 32-11-617 Extra work authorized - payment

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Extra work may arise in connection with any project mentioned in this article and not particularly provided for in the plans, specifications, estimates, bids and contracts; and such extra work shall be performed by the contractor at the direction of the engineer at cost of labor …

Colo. Rev. Stat. § 32-11-618 Construction by district

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(1) In the case of construction work done by the use of district owned or leased equipment and by district officers, agents, and employees for any project or any portion thereof in any improvement district, supplies and materials may be purchased or may be otherwise acquired ther…

Colo. Rev. Stat. § 32-11-619 Cooperative construction

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(1) In the case of construction work done by agreement with the urban district and with one or more public bodies or with the federal government (or any combination thereof) for any project or any portion thereof in any improvement district, the urban district may enter into and …

Colo. Rev. Stat. § 32-11-620 Use of existing improvements

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After the provisional order hearing and at the time of the passage of the resolution creating any improvement district and any project for the improvement district, or any amendment thereof, if any tract or the property of any railway company to be assessed in the improvement dis…

Colo. Rev. Stat. § 32-11-621 Assessment debentures

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(1) For the purpose of paying any contractor of or otherwise defraying any cost of the project in connection with any improvement district as the same becomes due from time to time until moneys are available therefor from the levy and collection of assessments and from any issuan…

Colo. Rev. Stat. § 32-11-622 Issuance of assessment securities

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(1) The board has power in connection with any improvement district to issue, on the behalf and in the name of the urban district, bonds in an amount not exceeding the estimated cost of the project or part thereof to be defrayed by the levy and collection of assessments, or if th…

Colo. Rev. Stat. § 32-11-623 Purchase price and interest

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(1) Any district securities designated in section 32-11-501 (3) and otherwise issued under this article, both assessment bonds and assessment debentures, as may be provided by the board in a resolution authorizing their issuance and the maximum net effective interest rate thereof…

Colo. Rev. Stat. § 32-11-624 Use of assessments - payment of assessment securities

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(1) The assessments pertaining to any improvement district when levied shall be and shall remain a lien on the respective tracts assessed until paid as provided in this article. (2) When the assessments pertaining to the improvement district are collected (including principal, in…

Colo. Rev. Stat. § 32-11-625 Bond limitations and details

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(1) All assessment bonds issued under this article shall be issued by the treasurer upon estimates of the engineer, or if bonds are issued after the levy of assessments, in an aggregate principal amount not exceeding the aggregate amount of unpaid assessments pledged for the paym…

Colo. Rev. Stat. § 32-11-626 Prior redemption provisions

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The board may provide for the redemption prior to maturity at the option of the district of any of the bonds or debentures designated in section 32-11-501 (3), in such order, by lot or otherwise, at such time or times, without or with the payment of such premium not exceeding sev…

Colo. Rev. Stat. § 32-11-627 Special obligations

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(1) Assessment debentures and assessment bonds issued under this article shall constitute special obligations of the urban district and shall not be a debt of the district. The district shall not be liable on such securities except as otherwise expressly provided in this article,…

Colo. Rev. Stat. § 32-11-628 Primary additional security

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(1) The urban district shall additionally secure the payment of the assessment debentures and the assessment bonds pertaining to any improvement district as provided in this article. (2) Whenever there is a deficiency in any improvement district to meet payment of such outstandin…

Colo. Rev. Stat. § 32-11-629 Permissive additional security

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(1) In addition to the additional security provided for in section 32-11-628, and not in limitation thereof, the urban district may further additionally secure the payment of assessment debentures and assessment bonds pertaining to any improvement district, both as to principal a…

Colo. Rev. Stat. § 32-11-630 Redemption of securities

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(1) Whenever considered advisable by the treasurer, he may, and whenever funds may be in his hands to the credit of any improvement district exceeding the amount of interest on the unpaid principal becoming due on and prior to one year next after the last interest payment date, a…

Colo. Rev. Stat. § 32-11-631 Rights and powers of security holders

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(1) Subject to any contractual limitations binding upon the holders of any issue or series of assessment debentures or assessment bonds or the trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage, or nu…

Colo. Rev. Stat. § 32-11-632 Statement of cost of project

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Upon the completion of any project in any improvement district or, in the case of assessment units or sewers, upon completion from time to time of an improvement program in any assessment unit or any parts of sewers affording complete drainage for any part of the improvement dist…

Colo. Rev. Stat. § 32-11-633 Order for assessment roll and its form

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(1) Following the furnishing of the statement of the cost of the project, the board by resolution shall: (a) Determine the cost of the project to be paid by the assessable property in the improvement district; (b) Order the engineer to make out an assessment roll containing, amon…

Colo. Rev. Stat. § 32-11-634 Assessment computations and limitations

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(1) If the assessment is made upon the basis of frontage, the engineer shall assess each tract with such relative portion of the whole amount to be levied as the length of front of such premises bears to the whole frontage of all the tracts to be assessed, and the frontage of all…

Colo. Rev. Stat. § 32-11-635 Determination of assessable tracts

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The board shall determine what amount or part of every expense shall be charged as an assessment and the tracts upon which the same shall be levied, and as often as the board deems it expedient, it shall require all of the several tracts chargeable therewith respectively to be re…

Colo. Rev. Stat. § 32-11-636 Preparation of proposed roll

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(1) Upon receiving the report mentioned in section 32-11-633, the engineer shall make an assessment roll and state a proposed assessment therein upon each tract so reported to him, and by such proposed assessments he shall defray the whole amount of all charges so directed to be …

Colo. Rev. Stat. § 32-11-637 Notice of assessment hearing

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(1) Upon receiving the assessment roll, the board, by resolution, shall: (a) Fix a time and a place when and where complaints, protests, and objections that may be made in writing or verbally concerning the same by the owner of any tract or by any person interested may be heard; …

Colo. Rev. Stat. § 32-11-638 Assessment hearing

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(1) At the time and the place so designated, the board shall hear and shall determine any written complaint, protest, or objection filed as provided in section 32-11-637, any verbal views expressed in respect to the proposed assessments, the assessment roll, or the assessment pro…

Colo. Rev. Stat. § 32-11-639 Levy of assessments

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(1) After the assessment roll is in final form and is so confirmed by resolution, the urban district by the same or by a supplemental resolution shall by reference to such assessment roll as so modified, if modified, and as confirmed by such resolution, levy the assessments in th…

Colo. Rev. Stat. § 32-11-640 Appeal of adverse determination

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(1) Within the fifteen days immediately succeeding the publication of the assessment resolution, any person who has filed a complaint, protest, or objection on specific grounds in writing, as provided in this article, has the right to commence an action or a suit in any court of …

Colo. Rev. Stat. § 32-11-641 Transfer of roll to county treasurer

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(1) Upon the expiration of such fifteen-day period for any such appeal, the secretary shall forthwith note on the assessment roll or by separate instrument each assessment, if any, the regularity, validity, or correctness of which is challenged in such an action or suit. (2) Ther…

Colo. Rev. Stat. § 32-11-642 Thirty-day payment period - deferred payments

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(1) All assessments made in pursuance of the assessment resolution shall be due and payable without demand not earlier than thirty-one days after its publication upon its final passage and within sixty days after such publication. (2) Each such assessment or any part thereof may …

Colo. Rev. Stat. § 32-11-643 Acceleration upon delinquency

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(1) Failure to pay any installment, whether principal or interest, when due shall ipso facto cause the whole amount of the unpaid principal to become due and payable immediately at the option of the urban district, security holder, or trustee therefor initiating foreclosure proce…