Colo. Rev. Stat. § 29-4-1204

Current through 11/5/2024 election
Section 29-4-1204 - General provisions applicable to a local government's right of first refusal and right of first offer
(1) Nothing in this part 12 requires a local government to exercise its right of first refusal set forth in section 29-4-1202 or its right of first offer set forth in section 29-4-1203 and a local government must promptly notify a residential seller of its intent not to exercise its right of first offer as set forth in sections 29-4-1203 (4)(b)(II) and (6)(a)(II).
(2) Any action by the local government required or permitted pursuant to this part 12 may be performed, as is applicable and to the extent permitted by law, by the county manager of a county, the mayor or city manager of a city or town, or another officer designated by the governing body of the local government.
(3) Any actions of an agent working on behalf of a residential seller for purposes of this part 12 are attributable to the residential seller. Notwithstanding any other provision of this part 12 to the contrary, a political subdivision or a housing authority in the state that engages in activities to create or preserve affordable housing for an applicable qualifying property is not considered an agent working on behalf of a residential seller for purposes of this part 12.
(4) Nothing within this part 12 limits the local government's ability to condemn an applicable qualifying property acquired pursuant to this part 12 to the extent permitted by applicable law.
(5) If a local government has adopted long-term affordability requirements that are greater than the requirements set forth in this part 12, the local government's requirements apply to this part 12. Nothing in this part 12 overrides any local affordable housing laws.

C.R.S. § 29-4-1204

Added by 2024 Ch. 286,§ 1, eff. 8/7/2024, app. to all qualifying properties for the right of first refusal that are listed for sale on or after the effective date but for which a residential seller has not accepted an offer to purchase the qualifying property and executed the necessary agreements in connection with accepting the offer and to all qualifying properties for the right of first offer on or after the effective date that do not have active listings as of the effective date.
2024 Ch. 286, was passed without a safety clause. See Colo. Const. art. V, § 1(3).