But for the passage of Operation 1992

In 1992, the Colorado legislature passed two laws which diminished the rights for real property owners. The tax payer bill of rights was passed, as part of the conservative’s agenda to PRIVATIZE state, municipal and local governments, requiring prior voter approval for new bonds. At this point in time, Metropolitan Districts grew at exponential rates, from 200 to over 2,600. A form of government developer-investor government, not responsive to voter wishes, but totally reliant to real property owner tax base/payments. These MD#1 and #2 are Petri dishes of self dealing and non arms length transactions which hide and float interest payments (Inter governmental agreements and roll over carry back loans) on bad business real estate investments. TABOR must be repealed!

The second bad law passed in 1992 was the expansion of Colorado Common Ownership Interest Act, which eliminated free and clear title to real property ownership, for new single family housing. Presented as a method to protect value of your home, against pink flamingos in the front yards and non earth tone paint colors from your new neighbors, but at a cost. In essence, the real estate industry demanded residual payments on their initial real estate contract sales. Currently,Colorado homeowners are locked into a situation with no exit strategy. A situation so lucrative, that nationwide corporations and venture capitalists are buying up HOA Management Companies and local Landscape companies. Almost, 70% of Colorado homeowners are required to pay at least one or two (Master/Slave Arrangements) HOA assessments. Over time, there goes the NET equity value in your home.

Colorado voters must demand their legislators repeal both of these laws. Starting with the section in TABOR dealing with prior voter approval. The CCOIA section, permitting HOA Boards and Management Companies to seek court approval to over ride homeowner votes, must be repealed. Then add a provision in CCOIA requiring HOA to prove their value, by requiring 51% of homeowners to OPT-IN to a continuing HOA.