ISSUE # 10 ... CIVIL COMMOTION, CONDO-STYLE
Ants Un-Nerved
You may click through to send a message to Council to voice your concern before the Monday meeting, (Click through to email message) , or read the following for the details and click the message link near the end of the letter. (You may edit the letter to share your personal views.)
-The due diligence process for a condo buyer will be nearly impossible. Imagine having to prove whether or not a local worker (never mind this "local worker" is undefined) EVER lived in a specific unit! -Lenders, as if they are not nervous enough already in the current market, will be ESPECIALLY wary of this due diligence process and valuation issue. -And realtors, how do you plan to disclose the ramifications of Ordinance #22 to your condo and townhome buyers and sellers? Will contractual materials mandate a lifetime history (rental and ownership) that indicates whether or not residents were "local workers?" -This regulation likely will have the perverse result of causing condo owners and HOAs to preclude renting/selling to local workers to avoid tainting the units for future mitigation requirements. |
Civil Commotion as a Commodity? |
|
Yes, There ARE Options |
|
The Ant has made it easy to make your voice heard. |
To send your recommendation for Option 8 to the Mayor and City Council members, CLICK HERE . You will be asked for your name, local address, and an email will automatically be sent to each of them expressing your view. You may edit or make additions to the email text.
|
Be There! Council Needs To See Your Concern |
The Red Ant will be at Monday's City Council meeting to promote Option 8. But this measure needs a large chorus of voices to make an impact on Council. Please join us in Council Chambers to speak to this issue. The meeting starts at 5 p.m. However, this item is well into the meeting agenda. |
Reader Comments (16)
From the Co. Apt. Ass'n Web-site on 2008 Co legislation. The city's ordinance is nothing more than an indirect imposition of rent control.
House Bill 1140- Rent Control. CAA opposed this bill because of its potential devastating impact on the industry and quality housing for Colorado’s citizens. Currently, Colorado law prohibits counties and municipalities from imposing any form of rent control on private residential property. HB1140 eliminated this prohibition and gave counties and municipalities the power to impose rent control on rental properties. Because of affordable housing shortages throughout the state, CAA was extremely concerned that counties and municipalities would wrongly use rent control as a “solution” to this issue. CAA opposed HB1140 because there is overwhelming evidence and data that clearly demonstrate rent control reduces the quantity and quality of available housing. Rather than solving Colorado’s affordable housing problem, HB1140 will worsen and further exacerbate the current housing meltdown. The bill was defeated by the Colorado Legislature.