Application Process
Interested parties must complete the application below. Applications must fully describe intended property uses and contain a signed acknowledgment of the property’s deed restrictions or covenants and a commitment to abide by them. If you are interested in multiple properties, please submit a separate application for each property of interest.
Selection
The selection process may take some time. Boulder County considers all factors it deems relevant when contemplating the conveyance of a flood buyout property. When reviewing applications, Boulder County will consider whether an applicant’s proposed use of the property complies with applicable deed restrictions or covenants. Boulder County will decline to convey a flood buyout property if it determines the applicant’s intended uses for the property do not comply with required restrictions.
If there are multiple applicants for a particular property, Boulder County will determine which applicant is best suited for receiving the property based on the selection process above. In some cases, Boulder County might decline to convey the property if, in its sole discretion, it determines that selecting one applicant over another is inequitable or would otherwise result in an unsuitable outcome.
Boulder County will make flood buyout property disposition decisions on a case-by-case basis, with no situation setting a precedent for another situation. Decisions on selecting recipients to receive flood buyout properties are final, and there is no appeal process.
Notification
Once Boulder County has selected an applicant, it will notify the applicant via a written Flood Buyout Agreement that will set forth the terms to convey fee title to the property. The selected applicant will have 30 days to sign the Flood Buyout Agreement.
Conveyance of Fee Title
After the elected applicant has signed the Flood Buyout Agreement, Boulder County will coordinate with the selected applicant to transfer fee title for the property to the applicant. The closing process may take some time, especially if Boulder County is coordinating several closings with several different selected applicants.
These are some additional important details:
- Properties are conveyed in their as-is condition.
- The conveyance is done by special warranty deed or quitclaim deed only, and not by general warranty deed.
- The conveyance is done subject to federal grant program deed restrictions.
- The property is conveyed with no right to build any residences and the property cannot be used to increase the development potential of another parcel, e.g., by using the parcel to make other land legally buildable, create legal access, provide physical access, resolve zoning setback issues, or provide room for septic systems or utilities.
- Boulder County reserves all mineral interests owned, all county road rights-of-way, and an undivided interest in water rights appurtenant to the subject property, if any.
- Boulder County will select the title company that will be used for the closing. Boulder County will cover closing costs; however, selected applicants are responsible for acquiring their own title insurance, if desired.
- The selected applicant will need to contact the Boulder County Assessor’s Office with questions about the anticipated property taxes for the property being deeded to the selected applicant. Property taxes will reflect the fact that the property has no development right and is unbuildable. For FEMA-funded properties, Boulder County will require the right to enter the property upon 48 hours’ notice to monitor for compliance with FEMA’s deed restrictions.
- For FEMA-funded properties, Boulder County will require the right to enter the property upon 48 hours’ notice to monitor it for compliance with FEMA’s deed restrictions.