City of Lakewood Adopts Ordinance to Encourage Condominium Construction and Reduce Construction Defect Litigation

City of Lakewood Adopts Ordinance to Encourage Condominium Construction and Reduce Construction Defect Litigation

Oct 16, 2014

Client Alert

Brownstein Client Alert, October 16, 2014

On Monday, October 13, 2014, the City of Lakewood became the first Colorado municipality to adopt legislation intended to encourage construction of “for sale” multifamily projects by mitigating the risks to developers and builders associated with construction defect litigation. While the impact of this new ordinance may not be known for some time, developers, builders, contractors, designers, homeowners associations, and condominium owners in the City of Lakewood need to be aware of the requirements of the new legislation. Additionally, this new law may influence the actions of other municipalities in Colorado seeking to encourage construction of “for sale” multifamily projects within their boundaries.

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