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1980 Colorado Attorney General Reports and Opinions 1 (1980)

handle is hein.sag/sagco0017 and id is 1 raw text is: (EDITED) January 4, 1980 The Honorable Robert F. Burford Speaker, Colorado House of Representatives State Capitol Building Denver, Colorado 80203 RE: Transfer of ownership of University of Colorado property. AG Alpha No. LE HR AGBCX AG File No. CHR/AGBCX/LA (EDITED) Dear Representative Burford: In your letter of August 20, 1979, you asked three questions regarding the transfer of ownership of property owned by the Board of Regents of the University of Colorado to the board of directors of the Auraria Higher Education Center. QUESTIONS PRESENTED-ANQCONCLUSIONS 1. Could the University of Colorado transfer these properties to Auraria in the absence of legislation or is additional logis- lation necessary? My conclusion is no. 2. What impact, if any, would existing arrangements between the University of Colorado and the Denver Urban Renewal Authority have on the way in which transfer of these properties is accom- plished? My conclusion is that the transfer of title based upon title held by the regents would leave the property subject to the interests of the Denver Urban Renewal Authority, established by the agreements between the regents and DURA. 3. In effecting the recommended transfer, would the University of Colorado have to be compensated for its interest in the sub- Ject properties? My conclusion is that the payment of compensation for such property is a question for the legislature to determine.

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