On February 17, 2015, the Lone Tree City Council passed by a unanimous vote, an ordinance aimed at encouraging construction of condominium housing within the city limits. The ordinance essentially strips the ability of any association to seek redress from a building for defective construction, thus placing the burden on implementing repairs withinGo to Resource
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When an association, director, management company or manager is sued, each named party has to make a decision (preferably in consultation with legal counsel) whether to report the claim to insurers for a possible paid defense. In an effort to avoid negative claim history, and to decrease the chances for a premium increase,Go to Resource
The long anticipated construction defect reform bill was introduced into the senate on February 10, 2015 as SB 15-177. Sponsored by Senators Ulibarri and Scheffel in the Senate and co-sponsored by Representatives DelGrosso and Singer in the House of Representatives, the Bill has bi-partisan support. Similar to the bill introduced last year, SBGo to Resource
On February 17, the Lone Tree City Council will vote on an ordinance intended to encourage more condominium communities in Lone Tree. The proposed ordinance removes an association’s right to a jury trial in a construction defect case and instead mandates arbitration. The proposed ordinance also attempts to take away the governance authorityGo to Resource
Yesterday DORA advised CAI that it had approved the CAI Colorado-specific M-100 class for the manager licensing educational prerequisite. This means that if you take and pass the CAI Colorado-specific M100 class, you will satisfy the educational prerequisite for manager licensing. You will not be required to obtain your CMCA designation. Of course,Go to Resource