Vested Property Right is defined as “the right to undertake and complete the development and use of property under the terms and conditions of a site specific development plan, as set forth in C.R.S. 24-68-101 et. seq.”
Only certain approvals are considered Site Specific Development Plans that result in a vested property right. Refer to Sec. 2-20-170(b).
The standard vested property right is three (3) years.
A vested property right may be extended or reinstated. Refer to Sec. 2-20-170(d).