SB 15-177 Approved by Senate Committee

Written by: on Thursday, March, 19th, 2015

A Colorado Senate committee voted last late night to forward SB 15-177 to the full Senate with four approved minor amendments. After hearing over eight hours of testimony from over forty witnesses representing both proponents and opponents of the bill, the Senate Business, Labor and Technology committee voted 6-2 to approve the bill.  SB 15-177 [Read More...]

The Ever-Increasing Deductible Dilemma, Part One

Written by: on Wednesday, March, 18th, 2015

It is becoming more and more common place.  A condominium association has a few claims on its insurance policy over the years and premiums start to rise.  In order to purchase affordable casualty insurance to cover the common elements and the portions of the units the association is obligated to insure per the governing documents [Read More...]

House Seeks To Protect Rain Barrels

Written by: on Thursday, March, 12th, 2015

Last week, HB 15-1259 was introduced to the House of Representatives and referred to the Committee on Agriculture, Livestock & Natural Resources.  The Bill, as drafted, will protect personal rain barrel collection systems and establish the following guidelines: •    Use up to two rain barrels having a total combined storage capacity of not more than [Read More...]

Rule F9 Revised with Respect to Disclosure of Conflicts of Interest

Written by: on Thursday, March, 12th, 2015

Prior to the most recent changes, managers would have been required to disclose “perceived” conflicts.  This is no longer the case.  However, managers should be aware that under the proposed Permanent Rule F9 of the Community Association Manager Licensing Rules you must disclose any actual or potential conflicts that may arise in the conduct of [Read More...]

DORA Resolves Crime Fidelity Insurance Issue

Written by: on Wednesday, March, 11th, 2015

As a result of the hard work of many management company CEOs, the proposed Permanent Rule D10 to the Community Association Manager Licensing Rules has been substantially revised to make it realistic for managers and management companies to satisfy the crime fidelity insurance requirements.  The rule allows managers or management companies to either obtain crime [Read More...]