Avon’s overhauling vested rights rules
Avon, CO Colorado
AVON, Colorado “-The Avon, Colorado town council approved the first step of getting its vested rights regulations changed last night by approving an ordinance with new language and changes in the regulations.
Vested rights require a local government to grant a vested right for a minimum period of three years for any “site specific development plan,” as defined by the local government. The vested rights statutes also authorize local governments to grant vested rights for periods that are greater than three years, according to the town’s Web site.
A law suit filed by the Traer Creek Metropolitan District last year prompted the changes, which include eliminating the current five-year maximum for vested rights, establishing guidelines for considering vested rights that exceed three years, and establishing specific procedures for declaring a forfeiture of vested rights.
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