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A. The agreement or ordinance that sets forth the public improvements, the costs thereof, the areas of benefit, and the method of recovery of costs shall be filed and recorded with the Grand County Clerk and Recorder.
B. From the date of recording of any cost recovery agreement for developer-constructed public improvements, or a cost recovery ordinance for town-constructed public improvements, each of the records shall create a first and prior lien upon the properties benefited in the amount of the costs of the public improvements determined by the town attributable to the property, as provided by Title 3, Chapter 2, of this code. At its discretion, the town may allow the lien to become junior to the lien of deed(s) of trust executed by the landowners to secure loans to finance the construction of public improvements on the property. (Ord. 550, Series of 2021)