Yesterday, Colorado Gov. John Hickenlooper signed into law SB 16-211, which protects the most common tool for financing and constructing improvements necessary to serve new and existing development – districts formed under Title 32 of Colorado Revised Statutes. The bill validates district elections held on or before May 3, 2016, and prevents a challenge to any such election on the grounds that the electors were not properly qualified. These elections were called into question following the opinion issued by the Colorado Court of Appeals on April 21, 2016 (Landmark Towers Association v. UMB Bank, 14CA2099 & 14CA2463, Colorado Court of Appeals, April 21, 2016).
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