New Floodplain Maps Pose Dilemma for City

Longmont’s proposed FasTracks rail station and the Southeast urban renewal district would be in reach of a 100-year flood, according to a newly drafted flood map of the St. Vrain River. More precise modeling methods led to the inclusion of some areas that were not in the 100-year-floodplain map in the past, such as theContinue reading “New Floodplain Maps Pose Dilemma for City”

Council Approves Incentives

On a 6-0 vote the City Council gave final approval to a plan to give about $250,000 in development fee rebates to OnCore Manufacturing Services. The company expects to build a 58,800-square-foot site in the Clover Basin Business Park and expects to grow from 134 to 180 employees in two years. And yes, a localContinue reading “Council Approves Incentives”

Council Says No to Homeowner Transportation Fee

 Recently the Transportation Advisory Board asked the City Council to consider a transportation maintenance fee. The Board considered the idea of imposing a new fee on parking spaces but decided such a proposal could be unpopular. Instead, the Board recommended adding a maintenance fee to residential (and possibly commercial) utility bills. However, several membersContinue reading “Council Says No to Homeowner Transportation Fee”

Tree Ordinance Passes Second Reading

Boulder homeowners will be required to care for trees on their property that are within public rights-of-way. The new regulations — which must still be approved on a third reading — specifically requires residents to provide a sod-free mulch around the base of trees that are less than 6 inches in diameter and provide enoughContinue reading “Tree Ordinance Passes Second Reading”

Vote on Open Space Tax Very Close

The Boulder County Clerk has until Nov. 16th to count and verify all the ballots in an effort to determine if voters approved a sales tax increase for open space. County Issue 1B asked voters to increase sales taxes by 0.15 percent — or 15 cents on a $100 purchase — for 20 years toContinue reading “Vote on Open Space Tax Very Close”

Real Estate Tax Rumor Alive and Well

Another email flying around the Internet is causing concern in the REALTOR® community. The email warns that homes sold after 2012 will incur a 3.8 percent tax as part of the Obama administration’s Health Care reform bill. The email includes a link to a Republican Congressional blog to prove its veracity, but unfortunately, the blog,Continue reading “Real Estate Tax Rumor Alive and Well”

USDA Ends Rural Loan Program

In spite of Congressional approval of a Continuing Resolution in late September that specifically mentions funding for the USDA Section 502 rural housing program, the USDA announced on October 1 that it would no longer fund the program.  Instead, conditional commitments will be issued.  On October 13, NAR President Vicki Cox Golder sent a letterContinue reading “USDA Ends Rural Loan Program”

Foreclosures Under Scrutiny

State and federal authorities plan to investigate how foreclosures are handled, according to Colorado Attorney General John Suthers. The Federal Deposit Insurance Corp. and the Federal Reserve are among the federal regulators expected to join an investigation announced by the attorneys general of all 50 states on Oct. 13. One of the key issues isContinue reading “Foreclosures Under Scrutiny”

Legislative Policy Committee Briefed on 2o11 Legislative Issues

CAR lobbyists say the State’s growing budget deficit will be the focus of attention when the 2011 legislative session convenes in January. Lobbyists also expect new bills to be introduced to further reform campaign finance, urban renewal and foreclosure practices.

City Woos National Company

The City Council unanimously authorized City Manager Roy Otto to negotiate with a national company regarding incentives to locate a district field office at the HighPointe Business Park in west Greeley. The new office would have a $16.3 million payroll and bring 350 jobs to the City. Staff estimates it could provide up to $400,000Continue reading “City Woos National Company”