| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Resolution No. 40, Series of 2018, A Resolution Opposing Amendment 74
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| | | | | | | | PRESENTER(S): Matt Mire, Town Attorney
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Approve or deny Resolution No. 41, Series of 2018
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| | | | | | | | BACKGROUND: State voters will have the opportunity at the November 6 statewide general election to vote on Amendment 74, which seeks to amend the Colorado Constitution to require that “just compensation” be paid for any government law or regulation deemed to reduce the fair market value of private property. Amendment 74 has been written and is being funded by the oil and gas industry to amend the Colorado Constitution and threaten the ability of state and local governments to provide basic governmental services. Amendment 74 declares that any state or local government law or regulation that "reduces" the "fair market value" of a private parcel is subject to "just compensation." Amendment 74 would place laws, ordinances, and regulations designed to protect public health and safety, the environment, our natural resources, public infrastructure, and other public resources in jeopardy.
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