City of Boulder rental news

Interest rate change coming in January! Remember the interest owed on security deposits changes each year. You must pay the interest based upon the rate in effect when you received the deposit. The past rates are:

• prior to 4/1/2004 it was 5.5% simple interest
• 4/1 - 12/31/2004 it was 1.08% simple interest
• all of 2005 it was 1.85% simple interest

Boulder should publish the rate for 2006 very soon.