Ballot Title Setting Board
2005-2006

The title as designated and fixed by the Board is as follows:

An amendment to the Colorado constitution concerning a requirement that public entities provide remedies in limited circumstances to owners of privately-owned real property for land use regulations that diminish the value of the property, and, in connection therewith, requiring public entities in limited circumstances to compensate an owner or exempt the owner from the land use regulations if a public entity enacts land use regulations that reduce the value of any portion of the property by twenty percent or more, unless said exemption results in a decrease in fair market value of any portion of surrounding real properties, threatens commonly held community values, or threatens the built or natural environment.

The ballot title and submission clause as designated and fixed by the Board is as follows:

Shall there be an amendment to the Colorado constitution concerning a requirement that public entities provide remedies in limited circumstances to owners of privately-owned real property for land use regulations that diminish the value of the property, and, in connection therewith, requiring public entities in limited circumstances to compensate an owner or exempt the owner from the land use regulations if a public entity enacts land use regulations that reduce the value of any portion of the property by twenty percent or more, unless said exemption results in a decrease in fair market value of any portion of surrounding real properties, threatens commonly held community values, or threatens the built or natural environment?

Hearing May 17, 2006

At request of proponent, technical corrections allowed in text of measure. (In Section 15(2)(c)(IV), line 3, inserted a space after the word “owner’s”; in Section 15(2)(d)(I), line 6, changed the first “to” to “with”.)
Single subject approved; staff draft amended; titles set.
Hearing adjourned 1:46 p.m.

Hearing May 25, 2006

Motion for Rehearing granted in part to the extent Board amended titles; denied in all other respects.
Hearing adjourned 5:14 p.m.

* Unofficially captioned “Compensation for Land Use Regs that Diminish Value” by legislative staff for tracking purposes. Such caption is not part of the titles set by the Board.