C.R.S. Section 31-25-532
Municipality may purchase property on default


(1)

At any sale by the county treasurer of any property for the purpose of paying any special assessment for local improvements made under the provisions of this part 5, the municipal treasurer, having written authority from the governing body, may purchase any such property without paying for the same in cash and shall receive certificates of purchase therefor in the name of the municipality. The certificates shall be received and credited at their face value, with all interest and penalties accrued, on account of the assessments in pursuance of which the sale was made. The certificates may thereafter be sold by the municipal treasurer at their face value, with all interest and penalties accrued, and assigned by him to the purchaser in the name of the municipality. The proceeds of such sale shall be credited to the fund created by ordinance for the payment of such assessments respectively. In the event that all bonded indebtedness incurred in payment for said local improvements has been discharged in full, said certificates may be sold by the governing body for the best price obtainable at public sale, at auction, or by sealed bids in the same manner and under the same conditions as is provided in subsection (3) of this section. The proceeds shall be credited to the general fund of said municipality or to the special surplus and deficiency fund provided for by section 31-25-534 (2), as the circumstances may require. Such assignments shall be without recourse, and the sale and assignments shall operate as a lien in favor of the purchaser and assignee as is provided by law in the case of sale of real estate in default of payment of the general property tax.

(2)

Any municipality as such purchaser has the right to apply for tax deeds on such certificates of purchase at any time after three years from the date of issuance of said certificates, and such deeds shall be issued as provided by law for issuance of tax deeds for the nonpayment of the general property tax.

(3)

Cumulatively with all other remedies, any municipality which is the owner of property by virtue of a tax deed, or is the owner of property otherwise acquired, in satisfaction or discharge of the liens represented by such certificates of sale, may sell such property for the best price obtainable at public sale, at auction, or by sealed bids. Such sales shall be after public notice by the municipal treasurer or clerk to all persons having or claiming any interest in the property to be sold or in the proceeds of such sale by publication of such notice three times, a week apart, in a weekly or daily newspaper of general circulation within the county in which the property is located. Such notice shall describe the property and state the time, place, and manner of receiving bids; except that the time fixed for the sale shall not be less than ten days after the last publication. The municipality may reject any and all bids. Any interested party, at any time within ten days after the receipt of bids for the sale of property, may file with the municipality a written protest as to the sufficiency of the amount of any bid made or the validity of the proceedings for the sale. If the protest is denied, such person, within ten days thereafter, shall commence an action in a court of competent jurisdiction to enjoin or restrain the municipality from completing the sale. If no such action is commenced, all protests or objections to the sale shall be waived and the municipality shall then convey the property to the successful bidder by quitclaim deed.

(4)

In addition to all other remedies, any municipality which is a holder of certificates of purchase may bring a civil action for foreclosure thereof in accordance with article 38 of title 38, C.R.S., joining as defendants all persons holding record title, persons occupying or in possession of the property, persons having or claiming any interest in the property or in the proceeds of foreclosure sale, all governmental taxing units having taxes or other claims against said property, and all unknown persons having or claiming any interest in said property. Any number of certificates may be foreclosed in the same proceeding. In such proceeding the municipality, as plaintiff, is entitled to all relief provided by law in actions for an adjudication of rights with respect to real property, including actions to quiet title.

(5)

The proceeds of any such sale of property shall be credited to the appropriate special assessment fund. The municipality shall deduct therefrom the necessary expenses in securing deeds and taking proceedings for the sale or foreclosure.

(6)

When any municipality has sold or conveyed at a fair market value certificates of purchase or property which it has acquired in satisfaction or discharge of special assessment liens, such sales and conveyances are hereby validated and confirmed as against all parties having or claiming any interest in such property or the proceeds of such sale.

(7)

It is hereby declared that the purpose of this section is to restore delinquent property to the tax rolls and to realize the greatest possible amount from such property for the benefit of all persons and taxing bodies having liens thereon.

Source: Section 31-25-532 — Municipality may purchase property on default, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-31.­pdf (accessed Oct. 20, 2023).

31‑25‑101
Short title
31‑25‑102
Legislative declaration
31‑25‑103
Definitions
31‑25‑104
Urban renewal authority
31‑25‑105
Powers of an authority
31‑25‑105.5
Acquisition of private property by eminent domain by authority for subsequent transfer to private party - restrictions - exceptions - right of civil action - damages - definitions
31‑25‑105.7
Condemnation actions by authorities - effect of other provisions
31‑25‑106
Disposal of property in urban renewal area
31‑25‑107
Approval of urban renewal plans by local governing body - definitions
31‑25‑108
Disaster areas
31‑25‑109
Issuance of bonds by an authority
31‑25‑110
Property of an authority exempt from taxes and from levy and sale by virtue of an execution
31‑25‑111
Title of purchaser, lessee, or transferee
31‑25‑112
Cooperation by public bodies with urban renewal authorities
31‑25‑112.5
Inclusion of unincorporated territory in urban renewal area
31‑25‑113
Authorities to have no power of taxation
31‑25‑114
Cumulative clause
31‑25‑115
Transfer - abolishment
31‑25‑116
Regional tourism projects
31‑25‑201
Cities may establish parks - recreational facilities - conservation easements
31‑25‑202
Acquisition by purchase
31‑25‑203
Acquisition by purchase - petition of electors - bonds - park bonds
31‑25‑204
Acquisition by condemnation
31‑25‑205
Bequests for park purposes
31‑25‑206
Park commissioners - vacancies
31‑25‑207
Members serve without compensation - no interest in contracts
31‑25‑208
Meetings - quorum
31‑25‑209
Secretary - salary - duties
31‑25‑210
Office of commission - supplies
31‑25‑211
Superintendent of parks - assistants - salaries
31‑25‑212
Expenditures for park purposes
31‑25‑213
Fiscal year - annual report
31‑25‑214
Park fund - certified vouchers
31‑25‑215
Maximum tax levy - moneys credited
31‑25‑216
Cities control park grounds outside limits
31‑25‑217
Management - licenses - franchises
31‑25‑218
Conservation trust fund authorized
31‑25‑301
Town may establish parks - recreation facilities - conservation easements
31‑25‑302
Questions submitted to registered electors
31‑25‑303
Town may improve parks
31‑25‑304
Conservation trust fund authorized
31‑25‑401
Short title
31‑25‑402
Legislative declaration - powers
31‑25‑403
Definitions
31‑25‑404
Resolution of intention
31‑25‑405
Notice and hearing
31‑25‑406
Claims for damages or compensation
31‑25‑407
Establishment of the mall
31‑25‑408
Improvement of the pedestrian mall
31‑25‑409
Special ad valorem assessments
31‑25‑500.2
Legislative declaration - energy efficiency and renewable energy production projects
31‑25‑501
Definitions
31‑25‑502
Powers to make local improvements
31‑25‑503
What improvements may be made - conditions
31‑25‑504
Municipality may establish sewer systems
31‑25‑505
District sanitary sewers - contracts - contiguous towns
31‑25‑506
Private sewers - connection
31‑25‑507
Determination of special benefits - factors considered
31‑25‑508
Storm drainage sewers - districts
31‑25‑509
Subdistricts in sewer districts
31‑25‑510
Improvements may be constructed under other laws
31‑25‑511
Property of irregular form - assessment
31‑25‑512
Cost assessed in proportion to area
31‑25‑513
Cost assessed in accordance with benefits
31‑25‑514
Streets - railway companies subject to tax
31‑25‑515
Utility connections may be ordered before paving - costs - default
31‑25‑516
Contracts for construction - bond - default
31‑25‑517
Sidewalks - water mains - sewers
31‑25‑518
Provisions to be inserted
31‑25‑519
Statement of expenses - apportionment
31‑25‑520
Notice of hearing on assessments
31‑25‑521
Hearing on objections
31‑25‑522
Assessment of lien - filing with county clerk and recorder - corrections
31‑25‑523
Assessment roll
31‑25‑524
Payment - assessment roll returned
31‑25‑525
Owner of interest may pay share
31‑25‑526
Collection of assessment payments - by municipal treasurer - by county treasurer
31‑25‑527
When assessments payable - installments
31‑25‑528
How installments paid - interest
31‑25‑529
Effect of payment in installments
31‑25‑530
Penalty for default - payment of balance
31‑25‑531
Sale of property for nonpayment
31‑25‑532
Municipality may purchase property on default
31‑25‑533
Power of governing body to contract debt - question submitted to registered electors
31‑25‑534
Issuing bonds - property specially benefited
31‑25‑534.5
Issuing refunding bonds
31‑25‑535
Bonds negotiable - interest
31‑25‑537
When mandamus will issue
31‑25‑538
No action maintainable - exception - grounds - limitations
31‑25‑539
Effect of court order
31‑25‑540
Figures instead of words - when general description used
31‑25‑541
Interim warrants
31‑25‑542
County treasurer - policies and procedures
31‑25‑601
Legislative declaration
31‑25‑602
Definitions
31‑25‑603
Authority of governing body
31‑25‑604
Organization petition - contents
31‑25‑605
Bond of petitioners
31‑25‑606
Notice of hearing
31‑25‑607
Hearing - dismissal - findings - declaration - when action barred
31‑25‑608
Recording of ordinance
31‑25‑609
Governing body constitutes board - duties
31‑25‑610
Meetings
31‑25‑611
General powers of district
31‑25‑611.5
Special improvement districts - authority to establish
31‑25‑612
Power to levy taxes
31‑25‑613
Determining and fixing rate of levy
31‑25‑614
Levies to cover deficiencies
31‑25‑615
County officers to levy and collect taxes - lien
31‑25‑616
Property sold for taxes
31‑25‑617
Reserve fund
31‑25‑618
Inclusion or exclusion - petition - notice - hearing - order
31‑25‑619
Liability of property
31‑25‑620
Board can issue bonds - form
31‑25‑625
Procedure
31‑25‑626
Correction of faulty notices
31‑25‑627
Early hearings
31‑25‑628
Construction
31‑25‑629
Municipal jurisdiction unimpaired
31‑25‑630
Method not exclusive
31‑25‑631
Confirmation of board actions and powers
31‑25‑632
Exemption from taxation - securities laws
31‑25‑633
Limitation of actions
31‑25‑701
Definitions
31‑25‑702
Power to establish cemeteries
31‑25‑703
Foreclosure proceedings
31‑25‑704
Hearing and decree
31‑25‑705
Fees and costs
31‑25‑706
Used burial space proviso
31‑25‑707
Joint proceedings
31‑25‑708
Abandoned burial sites - right to reclaim
31‑25‑801
Legislative declaration
31‑25‑802
Definitions
31‑25‑803
Powers of governing body
31‑25‑804
Organizational procedure - election
31‑25‑805
Board - membership - term of office
31‑25‑806
Board membership - qualifications - nominations - rules - removal
31‑25‑807
Powers - duties
31‑25‑808
Additional and supplemental powers
31‑25‑809
Authorization of bonds
31‑25‑810
Bond provisions
31‑25‑811
Refunding bonds
31‑25‑812
Tax exemption
31‑25‑813
No municipal liability on bonds
31‑25‑813.5
Limitation of actions
31‑25‑814
Remedies of bondholders
31‑25‑815
Employees - duties - compensation
31‑25‑816
Funding - budget
31‑25‑817
Ad valorem tax
31‑25‑818
Assessments
31‑25‑819
Conflict of interest
31‑25‑820
Construction
31‑25‑821
Property subject to debt
31‑25‑822
Inclusion of additional property
31‑25‑901
Legislative declaration
31‑25‑902
Duties of authority - development and financing of unconventional gas supplies
31‑25‑903
Formation of authority by municipality
31‑25‑904
Board - membership - term of office
31‑25‑905
Board membership - qualifications - nominations - rules - removal
31‑25‑906
Powers - duties of board
31‑25‑907
Powers of authority to effect purposes specified
31‑25‑908
Provisions relating to revenue bonds
31‑25‑909
Contracts with federal government
31‑25‑1101
Legislative declaration
31‑25‑1102
Definitions
31‑25‑1103
Property in default
31‑25‑1104
Action in rem - lien against property
31‑25‑1105
Form of notice of hearing to authorize sale
31‑25‑1106
Publication of notice - copy mailed
31‑25‑1107
Objections
31‑25‑1108
Procedure in court
31‑25‑1109
Court to direct sale of property
31‑25‑1110
Notice of sale
31‑25‑1111
Liens may be paid prior to sale
31‑25‑1112
Sale - certificate of purchase - filing
31‑25‑1113
Bonds applied to purchase price
31‑25‑1114
Treasurer may reject bids
31‑25‑1115
Property redeemable within three years - certificate
31‑25‑1116
Treasurer may issue deed - form
31‑25‑1117
Effect of deed
31‑25‑1118
Procedure not mandatory
31‑25‑1119
Fifteen-year limitation
31‑25‑1201
Short title
31‑25‑1202
Legislative declaration
31‑25‑1203
Definitions
31‑25‑1204
Authority of governing body
31‑25‑1205
Organizational procedure
31‑25‑1206
Notice of hearing
31‑25‑1207
Hearing - findings - when action barred
31‑25‑1208
Boundaries - exclusion proviso
31‑25‑1209
Board of directors - duties
31‑25‑1210
Meetings
31‑25‑1211
Approval of actions by municipality
31‑25‑1212
General powers of district
31‑25‑1212.5
Improvements - railroad quiet zones
31‑25‑1213
Power to levy taxes
31‑25‑1214
Determining and fixing rate of levy
31‑25‑1215
Levies to cover deficiencies
31‑25‑1216
County officers to levy and collect taxes - lien
31‑25‑1217
Property sold for taxes
31‑25‑1218
Reserve fund
31‑25‑1219
Special assessments
31‑25‑1220
Inclusion or exclusion - petition - notice - hearing
31‑25‑1221
Board can issue bonds - form
31‑25‑1222
Submission of debt question
31‑25‑1223
Effect - subsequent elections
31‑25‑1224
Confirmation of contract proceedings
31‑25‑1225
Dissolution procedure
31‑25‑1226
Correction of faulty notices
31‑25‑1227
Department of transportation and municipal jurisdiction unimpaired
31‑25‑1228
Method not exclusive
31‑25‑1301
Short title
31‑25‑1302
Legislative declaration
31‑25‑1303
Definitions
31‑25‑1304
Integrated project delivery contracts - authorization - effect of other laws
31‑25‑1305
Integrated project delivery contracting process - prequalification of participating entities - apprentice training
31‑25‑1306
Requests for proposals - evaluation and award of integrated project delivery contracts
31‑25‑1307
Supplemental provisions
Green check means up to date. Up to date

Current through Fall 2024

§ 31-25-532’s source at colorado​.gov