Environmental
Colorado's 'Stormwater Management Program' is relevant to real estate development because:
AA. It only applies to agricultural properties
BB. Developers must obtain stormwater permits and implement best management practices to prevent water quality impacts from construction runoff✓ Correct
CC. It only applies after construction is complete
DD. Only the state government is responsible for stormwater
Explanation
Colorado requires construction projects of one acre or more (and smaller sites in some jurisdictions) to obtain a stormwater discharge permit (CDPS) and implement a Stormwater Management Plan with best management practices (BMPs) to prevent sediment, pollutants, and other contaminants from entering waterways during and after construction.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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