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1. The qualified electors of the area being proposed for annexation may petition the Board of Trustees to hold an annexation election. The petition for annexation election shall be provided in accordance with state statutes C.R.S. §31-12-107.

a. If the petition is for an annexation election, the Board of Trustees determines that less than one hundred percent (100%) of the owners have signed the petition for annexation or the Board of Trustees determines that additional terms and conditions should be imposed upon the area proposed to be annexed, which are not agreed to voluntarily and in writing by the landowners, the Board of Trustees shall make appropriate findings by resolution and order an election to be conducted in accordance with C.R.S. §31-12-112,

b. If the annexation is approved by the eligible electors in accordance with C.R.S. §31-12-112, as amended, the Board of Trustees may by ordinance annex the land. In the event the annexation is not approved by the eligible electors or the vote is tied, the annexation proceeding will be terminated.

2. The petition shall be filed with the Town Clerk and shall comply with the provisions of the state statutes and the Land Use Code.

3. If the petition for annexation election is in substantial compliance with state statutes and the provisions of the Land Use Code, the Board of Trustees shall call for an election to be held. Notice of such election shall be given by the Town Clerk.

4. If a majority of the votes cast at the election are against annexation, or the vote is tied, the annexation proceedings to date will be voided and considered of no effect and the Board of Trustees shall proceed no further with the annexation proceedings.

5. If a majority of the votes cast at the election are for annexation, the Board of Trustees may thereafter annex the area.