Colo. Rev. Stat. § 38-30.5-107.5

Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
Section 38-30.5-107.5 - Condemnation of property encumbered by a conservation easement in gross - determination of just compensation

If property encumbered by a conservation easement in gross created in accordance with the requirements of section 38-30.5-104 is condemned in accordance with the requirements of articles 1 to 7 of this title 38, and, as a result of the condemnation, the condemning authority is acquiring such property free and clear of the conservation easement interest or subordinating the deed of conservation easement to such acquired property interest, just compensation must be determined based on the value of the property as if unencumbered by the conservation easement in gross and must be allocated between the fee owner and the holder of the conservation easement based upon the value of their respective interests in the property. This section does not affect or limit damages to which a holder of a conservation easement in gross is entitled under section 38-30.5-108(3).

C.R.S. § 38-30.5-107.5

Added by 2022 Ch. 420,§2, eff. 6/7/2022.