Form Tof.twr.00215 - Real Property Transfer Declaration printable pdf download

REAL PROPERTY TRANSFER DECLARATION

GENERAL INFORMATION

Purpose: The Real Property Transfer Declaration provides essential information to the Town of

Frisco to help ensure fair and uniform enforcement of the Town’s Real Estate Investment Fee.

Refer to Chapter 160, sections 160-10 through 160-21, of the Code of the Town of Frisco

Colorado (the “Town Code”) for additional information.

Requirements: Under §160-13 of the Town Code, the real estate investment fee shall be paid to

the Town by either the seller or buyer or any other person or persons involved in the transfer of

real property. Under §160-18 of the Town Code, at the time of any transfer of land or an interest

in real property upon which a fee is imposed, or that is claimed to be exempt from the payment of

a fee, there shall be made a report to the Town Manager on forms prescribed by him or her

setting forth the true, complete and actual consideration for the transfer, the names of the parties

to the transaction, the location of the real property transferred, the basis for any claimed

exemption and such other information as he or she may require.

Enforcement and penalty: Under §160-18 of the Town Code, it is a violation of the Town Code

to fail to complete this Real Property Transfer Declaration and to return the completed form to the

Town Manager at the time of the transfer. Under §160-19 of the Town Code, it is a violation of

the Town Code for any person who is liable for payment of a real estate investment fee to cause

the deed, instrument of conveyance or document evidencing such transfer to be filed of record in

the Office of the Summit County Clerk and Recorder, or to attempt to so record any such

document, before the real estate investment fee and all penalties and interest thereon have been

paid in full. Under §160-19 of the Town Code, it is a violation of the Town Code for any person to

make any false or fraudulent return (this form) or remittance, to make any false statement in

connection with any remittance or in connection with any application for an exemption or in any

manner to evade the collection or payment of the fee, or any part thereof.

Among other means of enforcement (such as a lien against the subject real property), any person

who violates any of the provisions described above may be punished by a fine not exceeding

three hundred dollars ($300) or imprisonment for a period of not more than ninety (90) days, or by

both such fine and imprisonment.

Name, address and daytime telephone number of person

completing this form (note: this form must be signed by the

buyer and the seller):

_______________________________________________

TOF.TWR.00215

Form Tof.twr.00215 - Real Property Transfer Declaration