Understanding Vesting

What is statutory vesting? How long can I take to build?

Vesting of development plan approvals and special review approvals protects the property owner/developer from changes in development regulations that negatively impact the ability to build in accordance with an approved plan. The rights that are vested and the length of the vesting period are governed by state law and the Estes Valley Development Code. Vesting does not protect a property owner from all changes in government regulations.
For instance ... if hazards that pose a threat to public safety and welfare are found on the property, the plan may not be vested and compliance with the newly adopted regulations may be required.

Vesting for approved development plans

Once a development plan application has been approved and all conditions of approval are met, the development plan is vested for a period of three years.

Special-review uses

A building permit must be issued and construction/operation must be commenced within one year of approval. If this does not occur, the special-review approval becomes null and void.

Questions? Contact us.