City of Colorado Springs faces lawsuit on alleged violations over $40 million bond deal

(COLORADO SPRINGS) — A lawsuit has been filed in El Paso County District Court against the City of Colorado Springs and Mayor Yemi Mobolade over alleged TABOR and constitutional violations.

The lawsuit by Preserve Pine Creek Village, LLC, alleges that the City violated multiple provisions of the Colorado Constitution, including the Taxpayer’s Bill of Rights (TABOR), which requires voter approval before creating multi-year government debt. The lawsuit challenges the constitutionality of a $40 million Private Activity Bond (PAB) issuance approved by the City Council on May 27. Tim Lewan, who lives in the Pine Creek Village area, says he donated to the legal fund because he’s been against the development of these apartments from the start.

“We have been trying to voice these concerns for quite some time to the city government, and it’s definitely fallen on deaf ears, “Lewan said…

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