Colorado Supreme Court Hears Oral Arguments in Case That Could Pose Threat to Metropolitan Districts

Colorado Supreme Court Hears Oral Arguments in Case That Could Pose Threat to Metropolitan Districts

Sep 27, 2017

Client Alert

Brownstein Client Alert, September 27, 2017

On September 20, 2017, the Colorado Supreme Court heard oral arguments in UMB Bank v. Landmark Towers Association, 2016SC455. The case was brought by the homeowner’s association of a condominium development regarding a TABOR election that took place several years ago. The purpose of the election was to form a metropolitan district that could issue bonds to finance new development and infrastructure in the area. The legal questions before the court concern when the results of a TABOR election are considered final and therefore immune from challenge, as well as the validity of using option contracts as a legal method of qualifying electors for an election to establish a metropolitan district.

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