Advocacy - BARHA ANNOUNCES SUCCESS ON LLC/RENTAL INSPECTION ISSUE WITH CITY OF BOULDER!

After three years plus of effort, BARHA is pleased to announce that in December, 2008, City Council passed an ordinance that defines that when a property is transferred into an LLC by the current owners they will NOT need to act as though this is a sale and begin rental inspection as a new license holder.  This means that no new baseline inspection will be required.   I want to emphasize that this law applies when a current owner(s) decides for estate planning or tax purposes to create an LLC to own their property, it will not be considered a sale of the property and therefore will not be required to repeat the baseline inspection.  This ordinance DOES NOT apply if a property is legitimately sold to an LLC.

We worked hard and spent dozens of hours on this ordinance.  We know of at least 40 properties within the Association who will be positively impacted by this ruling. 

It is an amazing situation as BARHA leadership have felt all along that the situation could have been rectified in a few minutes simply by interpreting that if no money changed hands, no sale had occurred.  However, the wheels of the city often turn in strange directions and this issue took on a life of its own. 

We  greatly appreciate the cooperation of Jerry Gordon, City Attorney and Maureen Rait, Director of Public Works for their cooperation on resolving this issue.  This is a great success with which to end 2008!!