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BILL SB08-084 CAR Position - Oppose
Summary of SB08-084 Prohibits any development of land located in Arapahoe county constituting all or any portion of the site of the former Lowry bombing and gunnery range (Lowry site) until either all environmental remedial decisions governing the site are complied with or the state receives moneys from the federal government or any other responsible parties in an amount sufficient to pay for the costs of complying with all such remedial decisions. Requires every contract for the purchase and sale of residential real property that is located on the Lowry site to contain a disclosure statement in bold-faced type that is clearly legible and that substantially provides notice that the property is located in a formerly used defense site that may contain unexploded ordnance and that the quality of potable water for the real estate may be unreliable. Specifies that the obligation to provide the disclosure set forth in the act is on the seller and, in the event of the failure by the seller to provide the written disclosure required by the act, the purchaser shall have a claim for relief against the seller for all damages to the purchaser resulting from the failure plus court costs. Status Fiscal Notes Status: Fiscal note currently unavailable |