A year-long moratorium enacted by Westminster City Council due to sewer system threats

Early last week, Westminster City Council was briefed on the city’s sewer capacity, age, and condition issues.  In light of that, the City Council unanimously adopted an emergency ordiance that freezes acceptance of new, large scale, development proposals in the area served by the Big Dry Creek network for up to a year.

“The (sewer) system is now at a trigger point of risk that warrants both near-term mitigation measures, as well as longer-term expansion to support continued development,” a staff memo recommending the emergency ordinance read.  “Not addressing these system constraints is believed to compromise the health, safety, and welfare of the community with a level of risk that is not acceptable.”

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Things to note about the freeze:

  • the moratorium applies to new development applications that would increase flows into the Big Dry Creek network
  • home reno’s or projects that will not add to the sewage flows will not be subject to the freeze
  • applications and pre-applications submiteed prior to the moratorium taking effect will be honored
  • the city will lift the moratorium before 12 months if possible, but its sewer contractor is expected to need 9 months to access the system
  • sewer rate hikes and municipal debt are expected to cover the costs of the emergency

To read the full article by The Denver Post, click here.


Everything you need to know about Amazon Prime Day 2018

Amazon Prime day starts today, July 16th at 3 pm ET and runs through tomorrow, Tuesday July 17th.  For the next 36 hours Amazon will have amazing deals on everything you could want or need.  This day is known as the “black Friday in July.”  *You must be an Amazon Prime member in order to take advantage of the deals.  Now here are some great deals you don’t want to miss…

Time breaks down the best home/kitchen deals.

Tom’s Guide covers everything from portable a/c units, Ring video doorbells, Amazon music subscription deals and everything in between.

USA Today tells you what stores will price match Amazon’s low prices.

Read why Prime Day is so important to Amazon here.

Get $10 back from Amazon to spend on Prime Day when you spend $10 or more at Whole Foods between 7/11- 7/17.

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With Prime Day looming, Target announced a one-day online-only sale on Tuesday, July 17th.  Among some of the savings there…

Spend $100 on Target.com on July 17 and get a free six-month membership for same-day delivery, shopped by Shipt (nearly $50 in savings)
30% off Target-exclusive home brands
25% off beauty and personal care
30% off Target-exclusive kids’ home brands
Up to 30% off top Google productsGet $10 back from Amazon to spend on Prime Day when you spend $10 or more at Whole Foods between 7/11- 7/17.

 

 


No-money down mortgages make a comeback in Colorado

The Credit Union of Colorado is now offering a 100% mortgage package.

Here’s how it works:

The 100% Mortgage Package includes a 97% fixed rate 30-year first mortgage loan and an interest free second mortgage for up to 3% of the total loan to use as your down payment. These two loans work together to equal 100% financing for your first home. Make no payments on the second mortgage until you pay off your mortgage, refinance or sell your home.

Here are some of the benefits:

  • 100% financing for your first home purchase.
  • Your second mortgage can cover up to 3% of the total purchase of the home up to $14,100.
  • Closing costs for the second mortgage are paid by the Credit Union.
  • We will never sell your loan to another mortgage servicer and it is serviced by us.

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To qualify, a borrower must have a credit score at 700 or higher and total debt payments that don’t exceed 43 percent of income. Any property must be in Colorado and owner-occupied. Owners must take an online education course and pass a quiz.

Read the pros and cons of a 100% mortgage loan in the full article by The Denver Post here.