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Last modified
8/15/2009 11:39:42 AM
Creation date
9/30/2006 8:11:00 PM
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Template:
Legislation
Bill Number
HB03-1089
Year
2003
Title
Eminent Domain Reimbursement
Legislation - Doc Type
Other CWCB Related Bills - Passed
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<br />e <br /> <br />e <br /> <br />It <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />JO <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br /> <br />THE OWNER PREVIOUSL Y OBTAINED AN APPRAISAL IN ACCORDANCE WITH <br />THE PROVISIONS OF SECTION 38-1-121 (1). <br />(b) FORPURPOSESOFTHIS SUBSECTION (1.5), "REASONABLE COSTS <br />OF LITIGATION" INCLUDE, BUT ARE NOT LIMITED TO, THOSE ITEMS <br />INCLUDABLE AS COSTS PURSUANT TO SECTION 13-16-122, C.R.S, <br />SECTION 3. 38-1-121(6), Colorado Revised Statutes, is <br />amended to read: <br />38-1-121. Appraisals- negotiations. (6) If the parties involved <br />in the negotiations fail to reach agreementon the fair market value of the <br />property being acquired, thecondenming authority, prior to proceeding <br />to trial on the issue of valuation AND,IFANAPPRAISALIS SUBMITfED TO <br />THE CONDEMNING AUTHORITY PURSUANT. TO SUBSECTION (1) OF THIS <br />SECTION, WITHIN THIRTY DAYS AFTER RECEIPT OF THE APPRAISAL, shall <br />furnish all owners of record a written final ,offer. <br />SECTION 4. Effective date - applicability. This act shall take <br />effect July 1,2003, and shall apply to actions filed on or after said date. <br />SECTION 5. Safety clause. The general assembly hereby finds, <br />determines, and declares that this act is necessary for the immediate <br />preservation of the public peace, health, and safety. <br /> <br />-3- <br /> <br />1089 <br />
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