Impending Storm

Hosted by David Graf

This conversation will attempt to make sense of both bills and discuss how to start shaping the conversation of assessment increases.

<p>While Governor Polis vetoed House Bill 22-1387, it is important to note that this bill (obviously) passed through the legislature before being presented to the governor for signature. HB22-1387 required associations to have reserves studies and to fund in accordance with those reserves studies. This would have dramatically increased assessments for hundreds, if not thousands, of communities throughout Colorado. At the same time, the legislature passed HB 22-1137, which, among other things, allowed owners to pay a delinquent assessment obligation over eighteen months. These two bills send mixed signals to volunteer boards across Colorado-- is it more important to adequately fund for reserves-- or is it more important to treat delinquent owners and owners who have outstanding covenant violations in a more compassionate way at the expense of their neighbor? Is there a way that we can achieve both of these goals at the same time? This conversation will attempt to make sense of both bills and discuss how to start shaping the conversation of assessment increases with owners when this issue returns to the legislature.  Note: complaining to the governor's office is not going to be recommended.</p>

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Impending Storm

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