CO SB142

Allows a one-time statewide pilot project where a state district court can waive municipal incorporation requirements if a petitioner files an application with written endorsement from any 2 of 3 officials: governor, state senate president, or house speaker.

Defines "significant affordable housing" as at least 3,000 housing units priced at least 25% below median market price and "sustainable community" as achieving net zero energy and waste, on-site wastewater treatment, 75% water reduction, LEED certification, and universal design.

Requires waiver applications be filed with district court by July 31, 2018; once granted, no additional waivers may be issued unless approved by general assembly, governor, and all three elected officials.

Upon court approval, the pilot project becomes a designated town with all town powers including land use and zoning authority; property owners must appoint a 5-member town commission within 90 days to serve as governing body until town elections occur at 150+ residents.

Town council and elected officers must assume governance duties per state law; failure to operate legally results in town dissolution and land reversion to the county; section sunsets July 1, 2019.