Colorado Court Holds that Restrictive Covenants Not Compensable Property Interests in Eminent Domain
The Supreme Court of Colorado recently reaffirmed that, under Colorado law, restrictive covenants are not compensable property interests in eminent domain cases. The case arose when the town of Monument purchased property in a residential subdivision to construct a municipal water tower. Because the lot was subject to the subdivision’s restrictive covenants, which forbade the [...]