No action shall be commenced to foreclose the lien created by any bonds or warrants issued pursuant to the making of any public improvement, including the establishment, widening, grading, paving, or other improvement of any alley, street, or road, special districts for internal improvement, local improvements by cities or towns, streets, sewers, district sanitary sewers, storm sewers, or subdistricts thereof, municipal special assessment, conservancy districts, or any other such improvement for which taxing authority is authorized by law to make assessments and collect taxes for the purpose of retiring said bonds or warrants, unless the action is commenced within fifteen years from the date of maturity of the last issue of said bonds.
Source: L. 81: Entire part added, p. 1623, § 21, effective July 1.
Structure Colorado Code
Title 31 - Government - Municipal
Article 25 - Public Improvements
Part 11 - Foreclosure Proceedings
§ 31-25-1101. Legislative Declaration
§ 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
§ 31-25-1108. Procedure in Court
§ 31-25-1109. Court to Direct Sale of Property
§ 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