Dec. 16, 2011 - New interest rate on tenant security deposits for 2012
Andrew Barth, Public Works, 303-441-1937
Sarah Huntley, Media Relations, 303-441-3155
New interest rate on tenant security deposits for 2012
The City of Boulder has calculated the interest rate for tenant security deposits for the 2012 calendar year to be 0.3 percent, effective Sunday, Jan. 1, 2012. This is the mathematical average of the one-year certificate of deposit from the top three financial institutions in Boulder, based on market share data as of Dec. 15, 2011.
This calculation has been prepared in accordance with Ordinance 7320, which was adopted on Feb. 17, 2004. Relevant code language may be found in sections 12-2-2 and 12-2-4 through 12-2-7 of the Boulder Revised Code.
Tenants may contact their landlord if there are questions about their lease. The city offers support for lease questions and tenant/landlord issues through Community Mediation Services at 303-441-4364. Another resource for tenants who are University of Colorado students is Off-Campus Student Services – www.colorado.edu/OCSS.
Last Updated on Wednesday, 30 May 2012 13:19