Loveland OKs temporary moratoriums on new drilling, metro districts
LOVELAND – With a pair of 7-2 votes, the Loveland City Council on Tuesday imposed temporary moratoriums on new applications for fossil-fuel drilling and on the creation of residential metropolitan taxing districts.
The freeze on new applications for oil and gas extraction within the city limits will extend until June 1 to give city staff time to tighten the city’s regulations to match or exceed those recently passed by Larimer County. Meanwhile, the six-month freeze on new metro districts is designed to give the city time to ensure that developers provide more transparency for homeowners about what they’ll be paying and…
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