As we originally reported in our September 2018 Otten Johnson Alert, the London Interbank Offered Rate (“LIBOR”), once the primary benchmark used for floating rate commercial loans, is nearing its end. As of December 31, 2021 lenders stopped using
Latest from Rocky Mountain Real Estate Law
Aspen City Counsel Extends Moratorium
On Tuesday, April 26, 2022, the Aspen City Council (the “Council”) voted to extend its residential moratorium on (i) any new land-use applications for development approval and (ii) certain building permits for residential uses. The original Ordinance #27 was enacted
3D Printed Houses: A Closer Look
As a follow up to my December 2021 blog post about the future of 3D printed homes, The Washington Post recently wrote a great article about a newly constructed 3D printed house in Williamsburg, Virginia built by a partnership between
3D Printed Houses: The Potential for Positive Change in the Housing Industry
3D printers are already being used across industries to produce a number of products. A quick Google search provides an astonishing number of uses. One industry to keep an eye on is the housing industry and the use of
Short-Term Rentals on the Horizon for Lakewood
Short-term home rentals (“STRs”) are big business in the Colorado front range, both in places where they are currently allowed and those where they are not. In many cities, people are renting their residences on apps like VRBO and Airbnb,
Colorado House Passes Bill that would Limit the Ability of HOAs to Regulate the Display of Residents’ Flags and Political Signs
Restrictions on the ability of homeowners’ associations to enforce covenants deemed contrary to public policy have long been the norm in states across the country, including Colorado, which could soon see an expansion of such restrictions.
Colorado’s Common Interest Ownership
Denver Approves Funding for Safe Outdoor Camping Sites for Individuals Experiencing Homelessness; Aurora Looking to Follow Suit
Last month, Denver City Council voted 10-1 in favor of approving a contract between the City and Village Collaborative, an organization that “exists to create and operate transformational housing communities in partnership with people coming from homelessness.” Under the terms
Amid Grim 2021 Drought Projections, Governor Polis Activates the Municipal Water Impact Task Force
In 2018, the Colorado Water Conservation Board (the CWCB) published the current version of the State’s Drought Mitigation and Response Plan (the DMRP). Originally prepared in accordance with the Disaster Mitigation Act of 2000 (Public Law 106-390), and adopted by
City Council Approves Chaffee Park Rezoning
This week, the Denver City Council unanimously approved the rezoning of the entire Chaffee Park neighborhood to allow accessory dwelling units within the neighborhood. The approval will provide additional housing options in Denver and likely paves the way for similar
Chaffee Park Proposed Rezoning
Chaffee Park may become the first Denver neighborhood to be entirely rezoned for the sole purpose of allowing accessory dwelling units (ADUs) on all residential lots of at least 4,500 square feet. The Denver Planning Board unanimously approved the community-generated