By Steve Dorman
There are some people in Lakewood who think it’s a good idea to limit growth, a la Boulder, to 1% per year. And so they gather signatures on a single paragraph petition.
Unbeknownst to the signers, they are asking for a 15 page referendum which limits growth by the assignment of building permits by allocation. And there are 3 different types of allocation.
There is the General Allocation, the Hardship Allocation, and the “Affordable Housing Allocation”….each of which has it’s own time window for applying (sounds like Obamacare, huh?) And the City Council can make ‘exceptions’ as they see fit. AND the city council can lower the 1% to a lower number if they so choose. AND, with the recommendation of the City Planners, can exempt any area that they choose to designate as ‘blighted’.
So, the good news for existing property owners is that your home valuations will jump significantly. The bad news is that others cannot afford to live there, and will not come…and neither will business. And your home values will get so high that YOU won’t be able to afford the new property taxes on your own property.
Other than that, it’s a really swell idea.