MEDIA_ROOT = os.path.join(BASE_DIR, 'media/')
MEDIA_URL = '/media/'
STATIC_ROOT = os.path.join(BASE_DIR, 'static/')
STATIC_URL = '/static/'
ADMIN_MEDIA_PREFIX = '/static/admin/'

(r'^media/(?P<path>.*)$', 'django.views.static.serve',{'document_root': settings.MEDIA_ROOT}),
                    (r'^static/(?P<path>.*)$', 'django.views.static.serve',{'document_root': settings.STATIC_ROOT}),

<link href="{{ STATIC_URL }}css/bootstrap.css" rel="stylesheet">
<link href="{{ MEDIA_URL }}css/bootstrap-colorpicker.css" rel="stylesheet">

import os
ABSOLUTE_PATH           = os.path.dirname(__file__)
MEDIA_ROOT              = os.path.join(ABSOLUTE_PATH, '../media')
MEDIA_URL               = '/media/'
STATIC_ROOT             = os.path.join(ABSOLUTE_PATH, '../static')
STATIC_URL              = "/static/"