reglab/housing_qa huggingface dataset:
CO Code § 32-11-615 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-615. Methods of Acquisition or Improvement

  Any construction work for any project or portion thereof shall be done in any one or more of the following three ways:   By independent contract;    By use of district owned or leased equipment and district officers, agents, and employees; or    By any public body or by the federal government acquiring or improving a project or any interest therein which is authorized in this article which results in general benefits to the urban district and in special benefits to the assessable property being assessed therefor by the urban district within its boundaries and within an improvement district therein created therefor.       Any project or any interest therein not involving construction work pertaining to a capital improvement may be acquired or improved pursuant to any appropriate contract, or otherwise, including, without limitation, the condemnation or other acquisition of real property. In such case nothing in subsection (1) of this section nor in sections 32-11-616 to 32-11-619 shall be applicable.    Notwithstanding a project authorized in this article or any interest therein may not be owned by the urban district nor be directly acquired or improved, or acquired and improved, nor the costs thereof directly incurred by the urban district, and notwithstanding the project authorized in this article or any interest therein may be located on land, an easement or other interest therein, or other real property owned by the federal government or by a public body, the urban district has the power:   To acquire or improve, or both, or to cooperate in the acquisition or improvement of, or both, the project or any interest therein with the federal government or with any public body pursuant to agreement between or among the urban district and such other bodies corporate and politic so long as the project or the interest therein acquired or improved, or both, results in general benefits to the urban district and in special benefits to the assessable property being assessed therefor by the urban district within its boundaries and within the improvement district therein created therefor;    To levy special assessments on such assessable property to defray all or any part of the costs of the project or any interest therein or to defray all or any part of the urban district's share of such costs if all costs are not being defrayed by the urban district; and    To issue bonds and assessment debentures and to exercise other powers granted in this article and pertaining to such acquisition or improvement, or both.        History. Source: L. 69: P. 791, § 128. C.R.S. 1963: § 89-21-128. History. Source: L. 69: P. 791, § 128. C.R.S. 1963: § 89-21-128.
CO Code § 32-11-617 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-617. Extra Work Authorized - Payment

 Extra work may arise in connection with any project mentioned in this article and not particularly provided for in the plans, specifications, estimates, bids and contracts; and such extra work shall be performed by the contractor at the direction of the engineer at cost of labor and materials and overhead including superintendence as set forth in the plans, specifications, or construction contract, such amount to be included in the assessment for the project (but not exceeding in the aggregate the estimated maximum special benefits to any tract so assessed) or to be paid out of the general or other funds of the district available therefor, in the discretion of the board.   History. Source: L. 69: P. 793, § 130. C.R.S. 1963: § 89-21-130. History. Source: L. 69: P. 793, § 130. C.R.S. 1963: § 89-21-130.
CO Code § 32-11-618 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-618. Construction by District

  In the case of construction work done by the use of district owned or leased equipment and by district officers, agents, and employees for any project or any portion thereof in any improvement district, supplies and materials may be purchased or may be otherwise acquired therefor.    All supplies and materials purchased by the urban district for an improvement district costing five hundred dollars or more shall be purchased only after the purchasing officer has given notice by publication therefor.    The district shall accept the lowest and best bid, the kind, quality, and material being equal, but the district has the right to reject all bids, to waive any irregularity in any bid, and to select a single item from any bid when so stated in the invitation to bid.    The provision as to bidding shall not apply to the purchase of patented and manufactured products offered for sale in a noncompetitive market or solely by a manufacturer's authorized dealer.     History. Source: L. 69: P. 793, § 131. C.R.S. 1963: § 89-21-131. History. Source: L. 69: P. 793, § 131. C.R.S. 1963: § 89-21-131.
CO Code § 32-11-619 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-619. Cooperative Construction

  In the case of construction work done by agreement with the urban district and with one or more public bodies or with the federal government (or any combination thereof) for any project or any portion thereof in any improvement district, the urban district may enter into and carry out any contract or may establish or comply with the rules and regulations concerning labor and materials and other related matters in connection with any project or any portion thereof, as the district may deem desirable or as may be requested by the federal government or by any public body which is a party to any such contract with the district that may assist in the financing of any project or any part thereof, regardless of whether the district is a party to any construction contract or to any other contract pertaining to incurring costs of the project.    Any project, any portion of the cost of which may be defrayed by the urban district by the levy of assessments under this article, may be acquired with the cooperation and the assistance of, or under a contract let by, or with labor, or supplies and materials, or all of such furnished by any one or more such public bodies or by the federal government (or any combination thereof).    Advantage may be taken of any offer from any source to complete any project on a division of expense or responsibility.    The engineer, on behalf of and in the name of the urban district, is authorized to acquire or improve, or acquire and improve, any such project in such a manner when so authorized by the resolution creating the improvement district or by any amendment thereto.     History. Source: L. 69: P. 793, § 132. C.R.S. 1963: § 89-21-132. History. Source: L. 69: P. 793, § 132. C.R.S. 1963: § 89-21-132.
CO Code § 32-11-620 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-620. Use of Existing Improvements

 After the provisional order hearing and at the time of the passage of the resolution creating any improvement district and any project for the improvement district, or any amendment thereof, if any tract or the property of any railway company to be assessed in the improvement district has the whole or any part of the proposed project, conforming to the general plan, the same may be adopted in whole or in part or may be changed to conform to the general plan, if deemed practical; and the owner of such real estate, when the assessment is made, shall be credited with the amount which is saved by reason of adapting or of adopting such existing improvements.   History. Source: L. 69: P. 793, § 133. C.R.S. 1963: § 89-21-133. History. Source: L. 69: P. 793, § 133. C.R.S. 1963: § 89-21-133.
CO Code § 32-11-621 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-621. Assessment Debentures

  For the purpose of paying any contractor of or otherwise defraying any cost of the project in connection with any improvement district as the same becomes due from time to time until moneys are available therefor from the levy and collection of assessments and from any issuance of assessment bonds, the board may issue assessment debentures on the behalf and in the name of the urban district as provided in sections 32-11-501 (3) and 32-11-502 to 32-11-526 and elsewhere in this article, except as otherwise provided in sections 32-11-621 to 32-11-631.    Any assessment debentures issued for any construction work shall be issued only upon estimates of the engineer.    Any assessment debentures shall be special obligations payable from designated special assessments, any proceeds of special assessment bonds, and any other moneys designated to be available for the redemption of such debentures and authorized in this article to be pledged as additional security for the payment of such bonds.     History. Source: L. 69: P. 794, § 134. C.R.S. 1963: § 89-21-134. History. Source: L. 69: P. 794, § 134. C.R.S. 1963: § 89-21-134.
CO Code § 32-11-622 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-622. Issuance of Assessment Securities

  The board has power in connection with any improvement district to issue, on the behalf and in the name of the urban district, bonds in an amount not exceeding the estimated cost of the project or part thereof to be defrayed by the levy and collection of assessments, or if the bonds are issued after the levy of assessments, in an aggregate principal amount not exceeding the aggregate amount of unpaid assessments pledged for the payment of the bonds as provided in sections 32-11-501 (3) and 32-11-502 to 32-11-526 and elsewhere in this article, except as otherwise provided in sections 32-11-622 to 32-11-631.    Any assessment bonds may be issued at public or private sale to defray the cost of the project, including any temporary advances evidenced by assessment debentures or otherwise and all proper incidental expenses.    The board may enter into a contract to sell assessment debentures and assessment bonds at any time; but, any other provisions of this article notwithstanding, if the board so contracts before it awards a construction contract or otherwise contracts for acquiring or improving, or acquiring and improving, the project, the board may terminate the contract to sell such securities if, before the awarding of the construction contract or otherwise contracting for the acquisition or improvement, or acquisition and improvement, of the project, the board determines not to acquire or improve, or acquire and improve, the project, and if the board has not elected to proceed under section 32-11-615 other than by independent contract pursuant to section (1)(a), if at all.     History. Source: L. 69: P. 794, § 135. C.R.S. 1963: § 89-21-135. History. Source: L. 69: P. 794, § 135. C.R.S. 1963: § 89-21-135.
CO Code § 32-11-623 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-623. Purchase Price and Interest

  Any district securities designated in section 32-11-501 (3) and otherwise issued under this article, both assessment bonds and assessment debentures, as may be provided by the board in a resolution authorizing their issuance and the maximum net effective interest rate thereof and in any indenture or other proceedings pertaining thereto, may be issued at, above, or below par, at a discount not exceeding seven percent of the principal amount thereof, but they may not be issued at a price such that the net effective interest rate of the issue of securities exceeds the maximum net effective interest rate authorized.    Such bonds and debentures shall bear interest at a rate such that the net effective interest rate of the issue of bonds or debentures does not exceed the maximum net effective interest rate authorized.    No bond interest rate shall at any time exceed the interest rate (or lower or lowest rate if more than one) borne by the unpaid assessments, but any such bond interest rate may be the same as or less than any assessment interest rate, subject to the limitations of this section, as the board may determine.     History. Source: L. 69: P. 794, § 136. C.R.S. 1963: § 89-21-136. L. 70: P. 302, § 129. History. Source: L. 69: P. 794, § 136. C.R.S. 1963: § 89-21-136. L. 70: P. 302, § 129.
CO Code § 32-11-624 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-624. Use of Assessments - Payment of Assessment Securities

  The assessments pertaining to any improvement district when levied shall be and shall remain a lien on the respective tracts assessed until paid as provided in this article.    When the assessments pertaining to the improvement district are collected (including principal, interest, and any penalty), they shall be placed in a special fund or special account and as such shall at all times constitute a sinking fund or sinking account for and be deemed specially appropriated to the payment of any assessment debentures not funded with bond proceeds and the payment of the assessment bonds pertaining to the improvement district and the interest thereon, and shall not be used for any other purpose until such securities and the interest thereon are fully paid; or if no such securities are issued, all assessments upon their payment shall be so appropriated and used to defray the cost of the project.    Any assessment debentures not funded with bond proceeds and the assessment bonds, including both principal and interest, shall be payable only out of moneys collected on account of the assessments (including installments thereof, interest thereon, and any penalties) for the project pertaining to the improvement district to which such securities pertain, except as provided in this article.     History. Source: L. 69: P. 795, § 137. C.R.S. 1963: § 89-21-137. History. Source: L. 69: P. 795, § 137. C.R.S. 1963: § 89-21-137.
CO Code § 32-11-625 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-625. Bond Limitations and Details

  All assessment bonds issued under this article shall be issued by the treasurer upon estimates of the engineer, or if bonds are issued after the levy of assessments, in an aggregate principal amount not exceeding the aggregate amount of unpaid assessments pledged for the payment of the bonds, and upon order of the board by resolution.    The bonds shall mature in no event after that date which is one year after the last assessment installment payment date.     History. Source: L. 69: P. 795, § 138. C.R.S. 1963: § 89-21-138. History. Source: L. 69: P. 795, § 138. C.R.S. 1963: § 89-21-138.
CO Code § 32-11-626 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-626. Prior Redemption Provisions

 The board may provide for the redemption prior to maturity at the option of the district of any of the bonds or debentures designated in section 32-11-501 (3) , in such order, by lot or otherwise, at such time or times, without or with the payment of such premium not exceeding seven percent of the principal amount of each bond or other security so redeemed, and otherwise upon such terms as may be provided by the board in the resolution authorizing the issuance of the securities or other instrument pertaining thereto.   History. Source: L. 69: P. 795, § 139. C.R.S. 1963: § 89-21-139. History. Source: L. 69: P. 795, § 139. C.R.S. 1963: § 89-21-139.
CO Code § 32-11-627 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-627. Special Obligations

  Assessment debentures and assessment bonds issued under this article shall constitute special obligations of the urban district and shall not be a debt of the district. The district shall not be liable on such securities except as otherwise expressly provided in this article, nor shall the urban district thereby pledge its full faith and credit for their payment. Such securities (other than debentures funded with bond proceeds) shall not be payable out of any funds other than the special assessments (including installments thereof, interest thereon, and any penalties) and other funds and moneys pledged as additional security for the payment thereof, as authorized in this article.    Each assessment debenture and assessment bond issued under this article shall recite in substance that the bond and the interest thereon are payable solely from the special assessments and such other funds and moneys pledged to the payment thereof.     History. Source: L. 69: P. 796, § 140. C.R.S. 1963: § 89-21-140. History. Source: L. 69: P. 796, § 140. C.R.S. 1963: § 89-21-140.
CO Code § 32-11-628 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-628. Primary Additional Security

  The urban district shall additionally secure the payment of the assessment debentures and the assessment bonds pertaining to any improvement district as provided in this article.    Whenever there is a deficiency in any improvement district to meet payment of such outstanding assessment securities and interest due thereon, it shall be paid out of the urban district's special surplus and deficiency fund.    The urban district shall pay the assessment securities pertaining to any improvement district when due and the interest due thereon from any available moneys of the urban district and reimburse itself by collecting the unpaid assessments due the improvement district, whenever:   Four-fifths of the outstanding bonds pertaining to the improvement district have been paid; and    For any reason the remaining assessments pertaining to the improvement district are not paid in time to take up the final bonds of the improvement district and the interest due thereon; and    There is not sufficient money in the special surplus and deficiency fund.       When all outstanding assessment securities pertaining to an improvement district have been paid and any moneys remain to the credit of such district, they shall be transferred to the special surplus and deficiency fund.     History. Source: L. 69: P. 796, § 141. C.R.S. 1963: § 89-21-141. History. Source: L. 69: P. 796, § 141. C.R.S. 1963: § 89-21-141.
CO Code § 32-11-629 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-629. Permissive Additional Security

  In addition to the additional security provided for in section 32-11-628, and not in limitation thereof, the urban district may further additionally secure the payment of assessment debentures and assessment bonds pertaining to any improvement district, both as to principal and interest, as may be provided in accordance with this section.    In consideration of general benefits conferred on the urban district at large from the acquisition by construction, or otherwise, of local improvements, the urban district, prior to the issuance of any assessment debentures or assessment bonds pertaining to any improvement district in this article, may contract by resolution with the holders thereof that the payment of such securities pertaining to the improvement district, both as to principal and interest, as the same become due, is additionally secured by a pledge of moneys in a special fund or special account created therefor into which the urban district covenants to deposit the proceeds of general (ad valorem) property taxes to be levied not earlier than the date of the debentures or bonds of any such series nor later than two years after the maturity date thereof or last maturity date of any serial bonds of any issue, not exceeding in any one year in the aggregate for all improvement districts the limitation pertaining to assessment bonds in section 32-11-217 (1)(d). After the issuance of any such securities, the urban district shall levy such general (ad valorem) taxes pursuant to such contract; but any such levy shall be diminished to the extent other funds of the urban district available therefor are appropriated to and deposited in such fund or account.    Prior to the redemption of all such securities, including both principal and interest, the proceeds of such taxes and any moneys deposited in such fund or account in lieu of such taxes shall be disbursed from the fund or account only for the payment of the principal of and interest on the securities, and any prior redemption premium pertaining thereto. After the securities have been redeemed in full, any moneys remaining in the fund or account and pertaining only to the improvement district shall be deposited in the surplus and deficiency fund.    Securities of the urban district pertaining to any improvement district payable from assessments, which payment shall be additionally secured as provided in section 32-11-628, or in both that section and this section, as the board may determine, shall not be subject to the debt limitation nor exhaust the debt incurring power of the urban district, nor shall such securities be required to be authorized at any election. Such securities shall not be held to constitute a prohibited lending of credit or donation nor to contravene any constitutional or statutory limitation or restriction.     History. Source: L. 69: P. 796, § 142. C.R.S. 1963: § 89-21-142. History. Source: L. 69: P. 796, § 142. C.R.S. 1963: § 89-21-142.
CO Code § 32-11-630 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 6 - Special Assessments|§ 32-11-630. Redemption of Securities

  Whenever considered advisable by the treasurer, he may, and whenever funds may be in his hands to the credit of any improvement district exceeding the amount of interest on the unpaid principal becoming due on and prior to one year next after the last interest payment date, and, if maturing serially, the principal becoming due on the next principal payment date, he shall, subject to the provisions concerning the payment of assessment debentures and assessment bonds pertaining to an improvement district prior to maturity in the securities and in any resolution pertaining to their issuance, by publication at least once not less than fifteen days prior to the redemption date, call in a suitable number of securities of the improvement district for payment, for the principal amount thereof, accrued interest to the redemption date, and any prior redemption premium due thereon.    After the redemption date so designated, interest on the securities so called shall cease. The urban district, however, may provide that such securities be redeemed only on interest payment dates.    The notice shall specify the securities so called by number, and all such securities shall be paid in the order designated in any such resolution.    The holder of any such securities may at any time furnish his post-office address to the treasurer, and in such case a copy of such advertisement shall be mailed by the treasurer to the holder of the securities called at such address within three days of the date of such publication.     History. Source: L. 69: P. 797, § 143. C.R.S. 1963: § 89-21-143. History. Source: L. 69: P. 797, § 143. C.R.S. 1963: § 89-21-143.