With the approval of each county or municipality having jurisdiction over the area of such a district, the district may establish a station area improvement district to finance the construction, operation, or maintenance of a station for a passenger rail system. A station area improvement district may consist only of all or a portion of the area within a two-mile radius of the station to be funded by the station area improvement district, and the general assembly finds that the area within a two-mile radius of a passenger rail station, or any portion of such an area that the board may designate as a station area improvement district, is an area that will be especially benefited by the construction, operation, or maintenance of such a station. The board shall not establish a station area improvement district unless it receives a petition signed by the owners of property that will bear a majority of the proposed assessments and by a petition signed by the lesser of a majority of the registered electorate in the proposed station area improvement district or one thousand registered electors in the proposed station area improvement district. The method of creating a station area improvement district, making improvements, assessing the costs of improvements made against property, and levying a sales tax shall be as provided in part 6 of article 20 of title 30; except that the board shall perform the duties of the board of county commissioners under said part 6 and the improvements shall be limited to the construction, operation, or maintenance of a passenger rail station.
Source: L. 2021: Entire article added, (SB 21-238), ch. 401, p. 2667, § 1, effective June 30.
Structure Colorado Code
Article 22 - Front Range Passenger Rail District
§ 32-22-103. Front Range Passenger Rail District - Creation - Purpose - Boundaries
§ 32-22-104. Board of Directors - Appointment - Meetings - Compensation - Conflicts of Interest
§ 32-22-105. Board of Directors - Powers and Duties
§ 32-22-106. District - General Powers and Duties - Funds Created
§ 32-22-107. Station Area Improvement Districts
§ 32-22-109. Taxes, Assessments, and Multiple-Fiscal Year Borrowing - Voter Approval Required
§ 32-22-111. Agreement of the State Not to Limit or Alter Rights of Obligees
§ 32-22-113. Bonds Eligible for Investment
§ 32-22-114. Exemption From Taxation - Securities Laws
§ 32-22-115. No Action Maintainable
§ 32-22-116. Judicial Examination of Powers, Acts, Proceedings, or Contracts of the District