Advocacy on the Local/State/Federal Levels
Your building's BOMA membership saves commercial real estate owners and managers money, which can optimize the value of the assets. As an industry "watchdog," BOMA proactively advocates and provides early notification of issues that could negatively impact your building's or company's bottom lines. Below are recent and current examples of how BOMA's lobbying and advocacy efforts at local, state and national levels benefit you and your buildings.
Denver Safety and Security Concerns
On January 23rd, a group of BOMA members met with representatives of the Mayor's office, the Denver Police Department, the City Attorney's office and the Community Planning and Development department to discuss what the city is doing to address the many safety and security concerns in the downtown area. BOMA had submitted a letter to the Mayor outlining many incidences reported by member buildings that had occurred last year and that letter prompted the meeting to discuss the city's response. The Mayor's Office shared a Downtown Denver Report detailing the efforts recently taken, underway or planned in order to address the issues and continue positive momentum.
2017 State Legislative Session Underway
On January 23rd, a group of BOMA members met with representatives of the Mayor's office, the Denver Police Department, the City Attorney's office and the Community Planning and Development department to discuss what the city is doing to address the many safety and security concerns in the downtown area.
Denver Approves PACE Program
Denver City Council approved an ordinance to allow the offering of Colorado’s Commercial Property Assessed Clean Energy (C-PACE) program within the City and County of Denver. C-PACE offers financing options for building energy efficiency and clean energy projects in both new and existing buildings.
Through C-PACE, property owners and developers across Denver will be able to access a new financing tool to invest in energy efficiency, renewable energy and water conservation improvements. The voluntary program lowers the cost of third-party financing, which is repaid through the property tax assessment process. Participants receive capital to finance eligible improvements, and repayment is collected through the property tax assessment process (a voluntary assessment is placed on the building owner’s property tax bill). The assessment can provide long-term financing of up to 20 years and stays with the property at the time of sale, removing traditional barriers to financing projects with payback cycles longer than two to three years.
The of advantages of PACE for owners of commercial real estate include:
- No down payment or personal loan guarantee needed from the owner
- Energy cost savings can be cash flow positive to the owner
- Building asset value is increased by the value of the new equipment
- When the property is sold, the lien transfers to the new owner (like a sewer tax)
- Long-term (up to 20 year) financing is available at low fixed rates from local and national capital providers.
For more information, visit http://copace.com/about/
Building owners see: http://copace.com/building-owners/owners-faqs/
If you have additional questions, contact the Director of C-PACE Tracy Phillips at 720-933-8143 or TPhillips@copace.com.
Denver Trespass Ordinance
In order for Denver police to enforce the Denver trespass ordinance on private property, the building owner or agent must complete a Denver Police Department Trespass Authorization Form. For more information, contact Vincent Lombardi at the DPD at Vincent.Lombardi2@denvergov.org.
Denver Building and Fire Codes
BOMA was involved in the Denver code adoption and amendment process to help protect the interests of building owners and managers. The City Council approved the codes in June. With the adoption of the revised codes, the City was in a transition period until the new code’s effective date of September 12, 2016.
Currently, customers must submit under the 2016 codes unless the project has received prior approval for a major project. Contact the chief building official,Scott Prisco, at email@example.com for more information.
If your building is in another jurisdiction, click here for a list of Building Code Contacts.
Electrical Hazards Alert
Please review this information from the Denver Fire Department regarding electrical hazards in elevator controller replacement situations. Recently, several BOMA member buildings have been dealing with this issue. If you have buildings in the City and County of Denver, be aware of these requirements.
2016 BOMA International Victories
In 2016, BOMA International’s lobbying efforts resulted in a series of historic victories for the commercial real estate industry. The passage of the Protecting Americans from Tax Hikes (PATH) Act of 2015 in December included a permanent extension of the 15-year depreciation on qualified leasehold improvements, fixes to the Foreign Investment in Real Property Tax Act (FIRPTA), and s straight two-year extension of the energy efficiency deduction for commercial buildings. While these are important victories, there were many issues left unsettled in 2016. There is a new administration and the 2017 legislative calendar is hot with issues critical to BOMA International members—now is the time to get involved and get energized!
Click here for PAST BOMA ADVOCACY