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Additionally, during a Special Meeting on Wednesday, March 7, 2012, the Board of Trustees approved an ordinance imposing a temporary (180 Days) moratorium on the acceptance, processing and approval of any land use applications related to mining and mineral extraction – including oil and gas development. The moratorium, approved as an emergency ordinance, is effective immediately. Reasons given in the proposed ordinance for the imposition include:
• To allow time to enter into an agreement between the Town and oil and gas operators wherein the operators would voluntarily agree to comply with Town requirements. Such requirements may exceed Colorado Oil and Gas Conservation Commission requirements - including a plan to reduce airborne Volatile Organic Compounds related to mineral extraction.
• To review the Town's Unified Development Code with regard to oil and gas development regulations, with an eye towards updating if there are reasons to do so.