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Colorado Revised Statutes Title 29. Government Local § 29-27-503. Just and reasonable compensation

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A property owner, as defined in section 29-27-501(5), is entitled to just and reasonable compensation from a provider, as defined in section 29-27-501(6), who obtains access to a multiunit building, as defined in section 29-27-501(4), from a property owner. The property owner and the requesting provider shall attempt to reach a mutually acceptable agreement regarding reasonable and non-discriminatory compensation due to the property owner as a result of the requesting provider's installation of broadband facilities. In establishing the amount that will constitute reasonable compensation the parties shall consider:

(a) The extent to which the broadband facilities physically occupy the property;

(b) The actual long-term damage the broadband facilities may cause to the property;

(c) The extent to which the broadband facilities would interfere with the normal use and enjoyment of the property;

(d) The monthly cost of utilities to service the provider's broadband facilities; and

(e) The diminution or enhancement in value of the property resulting from the availability of the broadband internet service.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 29. Government Local § 29-27-503. Just and reasonable compensation - last updated January 01, 2025 | https://codes.findlaw.com/co/title-29-government-local/co-rev-st-sect-29-27-503/

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