SENATE BILL 97230
BY SENATOR Coffman;
also REPRESENTATIVES Agler, Dyer, Gordon, Gotlieb,
Leyba, Mace, Pfiffner, Tate, and Veiga.
CONCERNING THE INCLUSION OF THE RENOVATION OF MILE
HIGH STADIUM BY THE METROPOLITAN FOOTBALL STADIUM DISTRICT AS
AN ALTERNATIVE TO THE CONSTRUCTION OF A NEW FOOTBALL STADIUM.
Be it enacted by the General Assembly of the State
of Colorado:
SECTION 1. 3215102
(1) (b), Colorado Revised Statutes, as amended, is amended to
read:
3215102. Legislative declaration.
(1) The general assembly hereby finds, determines,
and declares that:
(b) The general assembly and the public
are in need of a full and objective review of the viability of
Mile High stadium and the possible need for RENOVATING MILE HIGH
STADIUM OR FOR CONSTRUCTING a new football stadium, including
the costs and benefits associated with THE RENOVATION OF MILE
HIGH STADIUM OR the construction and operation of a new football
stadium in the metropolitan Denver area;
SECTION 2. 3215103,
Colorado Revised Statutes, as amended, is amended BY THE ADDITION
OF A NEW SUBSECTION to read:
3215103. Definitions. As
used in this article, unless the context otherwise requires:
(5.5) "RENOVATE" MEANS A SUBSTANTIAL
ADDITION TO, OR TO SUBSTANTIALLY REMODEL, REDEVELOP, OR OTHERWISE
IMPROVE MILE HIGH STADIUM FOR USE AS A STADIUM, AS DEFINED IN
THIS SECTION.
SECTION 3. 3215106,
Colorado Revised Statutes, as amended, is amended to read:
3215106. Board of directors
powers and duties. (1) In
addition to any other powers specifically granted to the board
in this article, the board shall have the following duties and
powers:
(a) To review any reports and studies
made and to obtain any additional reports and studies it deems
necessary pertaining to the costs of maintaining and repairing
Mile High stadium and the costs of RENOVATING MILE HIGH STADIUM
OR building a new stadium and to make a determination of whether
it is more cost effective and economically viable to RENOVATE
MILE HIGH STADIUM OR build a new stadium than to maintain and
repair Mile High stadium;
(b) To require such documentation as the
board determines necessary showing that the franchise has been
or will be released from its existing lease for use of a stadium
before a lease between the district and the franchise for use
of the new OR RENOVATED stadium commences;
(c) To negotiate an agreement with the
franchise:
(I) Requiring the franchise to provide
all costs of RENOVATION OR construction that exceed the maximum
amount of the special obligation bonds issued by the district
or at least twentyfive percent of the costs of RENOVATING
MILE HIGH STADIUM OR constructing a new stadium, whichever is
greater; and
(II) Requiring the franchise to pay for
any costs of RENOVATION OF MILE HIGH STADIUM OR construction of
the NEW stadium in excess of the maximum amount paid by the district
pursuant to subparagraph (I) of this paragraph (c), including,
but not limited to, cost overruns;
(d) To negotiate the lease of MILE HIGH
STADIUM IF IT IS RENOVATED OR the NEW stadium as set forth in
section 3215122;
(e) To negotiate with the counties within
the district and with the city and county of Denver and enter
into an agreement to provide such counties and the city and county
of Denver with a benefit from the revenues, other than sales tax
revenues, derived from the operation of MILE HIGH STADIUM IF IT
IS RENOVATED OR the NEW stadium during the period of time the
district is collecting the sales tax;
(f) After completion of the review, negotiations,
and other matters set forth in paragraphs (a) to (e) of this subsection
(1) and if the board determines that there is a need to RENOVATE
MILE HIGH STADIUM OR TO construct a new stadium and that the RENOVATION
OF MILE HIGH STADIUM OR THE construction of a new stadium is more
cost effective and economically viable than maintaining and repairing
Mile High stadium, the board shall THEN DETERMINE WHETHER IT IS
MORE COST EFFECTIVE AND ECONOMICALLY VIABLE TO RENOVATE MILE HIGH
STADIUM OR TO CONSTRUCT A NEW STADIUM, AFTER WHICH THE BOARD SHALL
adopt a resolution that, in addition to the statements required
by section 3215107 (1) (b), includes, but shall not
be limited to, the following declarations:
(I) That the board has reviewed the reports
and studies pertaining to the costs of repairing and maintaining
Mile High stadium, and
the costs of RENOVATING MILE HIGH STADIUM, AND THE COSTS OF building
a new stadium and has made a determination that there is a need
to RENOVATE MILE HIGH STADIUM OR TO construct a new stadium and
that the RENOVATION OF MILE HIGH STADIUM OR THE construction of
a new stadium is more cost effective and economically viable than
maintaining and repairing Mile High stadium;
(I.5) THAT IT IS MORE COST EFFECTIVE AND
ECONOMICALLY VIABLE TO RENOVATE MILE HIGH STADIUM OR THAT IT IS
MORE COST EFFECTIVE AND ECONOMICALLY VIABLE TO CONSTRUCT A NEW
STADIUM;
(II) That the board has received adequate
documentation assuring the board that the franchise has been or
will be released from its existing lease for use of a stadium
before a lease between the district and the franchise for use
of the RENOVATED OR new stadium commences;
(III) That the district has entered into
an agreement with the franchise that requires the franchise:
(A) To provide all costs of RENOVATION
OR construction that exceed the maximum amount of the special
obligation bonds issued by the district or at least twentyfive
percent of the costs of RENOVATING MILE HIGH STADIUM OR constructing
a new stadium, whichever is greater; and
(B) To provide any costs of RENOVATION
OF MILE HIGH STADIUM OR construction of the NEW stadium in excess
of the maximum amount paid by the district pursuant to subparagraph
(I) of paragraph (c) of subsection (1) of this section, including,
but not limited to, cost overruns;
(III.5) THAT THE BOARD, IF IT HAS DETERMINED
THAT IT IS MORE COST EFFECTIVE AND ECONOMICALLY VIABLE TO RENOVATE
MILE HIGH STADIUM THAN TO BUILD A NEW STADIUM, HAS ENTERED INTO
A CONDITIONAL OR OPTION CONTRACT OR OTHERWISE ASSURED THE ACQUISITION
OF MILE HIGH STADIUM, INCLUDING ANY LANDS AND INTERESTS IN REAL
AND PERSONAL PROPERTY COMMONLY USED FOR PARKING FACILITIES, STADIUM
FACILITIES, AND STADIUM SITE ACCESS, PLUS ANY ADDITIONAL LANDS
AND INTERESTS IN REAL PROPERTY AS MAY BE NECESSARY FOR PARKING
FACILITIES, STADIUM FACILITIES, AND STADIUM SITE ACCESS;
(IV) IF THE BOARD HAS DETERMINED THAT
IT IS MORE COST EFFECTIVE AND ECONOMICALLY VIABLE TO BUILD A NEW
STADIUM, that the commission has selected a site for construction
of the stadium, a statement of the location of the site, and that
the board has entered into a conditional or option contract or
otherwise assured the acquisition of the selected stadium site
and such other lands and interests in real and personal property
as may be necessary for parking facilities, stadium facilities,
and stadium site access;
(V) That the district has entered into
a lease of MILE HIGH STADIUM IF IT IS RENOVATED OR the NEW stadium
with the franchise for the use of the stadium that meets the requirements
set forth in section 3215122; and
(VI) That the board has entered into an
agreement with the counties within the district and with the city
and county of Denver to provide such counties and the city and
county of Denver with a benefit from the revenues, other than
sales tax revenues, derived from the operation of MILE HIGH STADIUM
IF IT IS RENOVATED OR the NEW stadium during the period of time
the district is collecting the sales tax.
(f.5) IF THE BOARD HAS DETERMINED THAT
IT IS MORE COST EFFECTIVE AND ECONOMICALLY VIABLE TO RENOVATE
MILE HIGH STADIUM, TO ENTER INTO A CONDITIONAL OR OPTION CONTRACT
ON BEHALF OF THE DISTRICT OR OTHERWISE ASSURE THE ACQUISITION
OF MILE HIGH STADIUM, AND SUCH OTHER LANDS AND INTERESTS IN REAL
AND PERSONAL PROPERTY COMMONLY USED FOR PARKING FACILITIES, STADIUM
FACILITIES, AND STADIUM SITE ACCESS, PLUS ANY ADDITIONAL LANDS
AND INTERESTS IN REAL PROPERTY AS MAY BE NECESSARY FOR PARKING
FACILITIES, STADIUM FACILITIES, AND STADIUM SITE ACCESS;
(g) IF THE BOARD HAS DETERMINED THAT IT
IS MORE COST EFFECTIVE AND ECONOMICALLY VIABLE TO CONSTRUCT A
NEW STADIUM, to enter into a conditional or option contract on
behalf of the district or otherwise assure the acquisition of
the selected stadium
site FOR THE NEW STADIUM, and such other lands and interests in
real and personal property as may be necessary for parking facilities,
stadium facilities, and stadium site access;
(h) To fix the time and place at which
its regular and special meetings shall be held within the geographical
boundaries of the district;
(i) To adopt and, from time to time, amend
or repeal rules of procedure and bylaws not in conflict with the
constitution and laws of the state;
(j) To hire such permanent and temporary
staff as may be necessary to assist the board in its duties;
(k) To sue and be sued;
(l) To maintain an office at such place
as it may designate within the geographical boundaries of the
district;
(m) To exercise all powers necessary and
requisite for the accomplishment of the purposes for which the
district is organized and capable of being delegated by the general
assembly; and no enumeration of particular powers granted shall
be construed to impair any general grant of power contained in
this article or to limit any such grant to powers of the same
class as those so enumerated;
(n) To enter into and execute all contracts,
leases, intergovernmental agreements, and other instruments in
writing necessary or proper to the accomplishment of the purposes
of this article, including, but not limited to, intergovernmental
agreements concerning revenue sharing;
(o) To engage the services of private
consultants and legal counsel to render professional and technical
assistance and advice in carrying out the purposes of this article;
(p) To receive and accept from any source
aid or contributions of money, property, labor, or other things
of value to be held, used, and applied to carry out the purposes
of this article subject to the conditions upon which the grants
or contributions are made; except that no public moneys from the
state, any city, town, city and county, or county, and any department,
agency, or instrumentality of the United States of America shall
be accepted or expended for any purpose set forth in this article.
(2) After the board has completed the
review and negotiations set forth in paragraphs (a) to (e) of
subsection (1) of this section and if the board has received notice
from the secretary of state stating that a valid petition has
been filed and verified and has adopted a resolution pursuant
to paragraph (f) of subsection (1) of this section, in addition
to any powers granted to the board in subsection (1) of this section
or in this article, the board shall have the following powers
and duties:
(a) To decide at which general election
or election held on the first Tuesday of November in an oddnumbered
year the question specified in section 3215107 (1)
shall be submitted to the registered electors within the geographical
boundaries of the district;
(b) To contract for the planning, design,
construction,
RENOVATION, equipment, preservation, operation, maintenance, and
public transportation to MILE HIGH STADIUM IF IT IS RENOVATED,
OR THE PLANNING, DESIGN, CONSTRUCTION, EQUIPMENT, PRESERVATION,
OPERATION, MAINTENANCE, AND PUBLIC TRANSPORTATION TO a NEW stadium
and all necessary works incidental thereto;
(c) To waive any requirement that a contractor
providing materials and labor for construction OR RENOVATION of
a stadium provide a performance bond prior to commencing construction
if, in the opinion of the board, the contractor provides security
in another form in the amount necessary to cover the obligations
of the contractor under the terms of the construction OR RENOVATION
contract;
(d) To enter into such contracts as may
be authorized in this article including, but not limited to, contracts
for the lease and sale of a stadium;
(e) To establish criteria for the RENOVATION
OF MILE HIGH STADIUM OR FOR THE construction and design of a NEW
stadium including, but not limited to, a requirement that the
NEW stadium have a seating capacity at least equivalent to the
seating capacity of Mile High stadium;
(f) To acquire on behalf of the district
the selected stadium site FOR A NEW STADIUM, OR MILE HIGH STADIUM
IF IT IS TO BE RENOVATED, and such other lands and interests in
real and personal property as may be necessary for parking facilities,
stadium facilities, and stadium site access, by gift, contract,
or other means; except that nothing in this paragraph (f) shall
be construed to authorize the board to exercise the power of eminent
domain pursuant to the applicable provisions of articles 1 through
7 of title 38, C.R.S.;
(g) (I) IF MILE HIGH STADIUM IS TO
BE RENOVATED, TO ARRANGE WITH THE CITY AND COUNTY OF DENVER TO
PLAN, REPLAN, ZONE, OR REZONE ANY PART OF THE STADIUM SITE OR
ANY OTHER LANDS OR INTERESTS IN REAL PROPERTY ACQUIRED IN CONNECTION
WITH THE ACQUISITION, RENOVATION, MAINTENANCE, AND OPERATION OF
THE STADIUM BY THE DISTRICT PURSUANT TO THE PROVISIONS OF THIS
ARTICLE;
(II) IF A NEW STADIUM IS TO BE BUILT,
to arrange with the city, town, city and county, or county in
which the selected stadium site is located to plan, replan, zone,
or rezone any part of the selected stadium site, in connection
with the acquisition, construction, maintenance, and operation
of the stadium proposed or being undertaken by the district pursuant
to the provisions of this article;
(h) (I) IF MILE HIGH STADIUM IS TO
BE RENOVATED, TO CONSULT WITH THE FRANCHISE AND OTHER POTENTIAL
USERS BEFORE ACQUIRING THE STADIUM, ESTABLISHING CRITERIA FOR
THE RENOVATION AND REDESIGN OF THE STADIUM, OR CONTRACTING FOR
THE RENOVATION OF THE STADIUM;
(II) IF A NEW STADIUM IS TO BE BUILT,
to consult with the franchise before acquiring a stadium site,
establishing criteria for the construction and design of a stadium,
or contracting for the construction of a stadium;
(i) To borrow money, contract to borrow
money for the purpose of issuing special obligation bonds, and
issue obligations for any of its corporate purposes and to fund
such obligations, to refinance such obligations, and to refund
such obligations as provided in this article subject to the requirements
of section 20 of article X of the state constitution;
(j) To procure insurance against any loss
in connection with its property and other assets and liability
for personal injury to or damage to property of others in such
amounts and from such insurers as are necessary and reasonable
for governmental entities owning similar facilities in the district;
(k) To procure insurance or guarantees
from any public or private entity, including, but not limited
to, the state, any city, town, city and county, or county or any
department, agency, or instrumentality of the United States of
America for payment of any obligations issued by the district,
including the power to pay premiums on any such insurance;
(l) To acquire, dispose of, and encumber
real and personal property including, without limitation, rights
and interests in property, leases, and easements necessary to
the functions or the operation of the district; except that nothing
in this paragraph (l) shall be construed to authorize the board
to exercise the power of eminent domain pursuant to the applicable
provisions of articles 1 through 7 of title 38, C.R.S.;
(m) To fix and, from time to time, to
increase or decrease fees, rentals, rates, tolls, penalties, or
other charges for services, programs, or facilities furnished
by the district in connection with the operation of MILE HIGH
STADIUM IF IT IS RENOVATED OR the NEW stadium, and the board may
pledge such revenues or any portion thereof for the payment of
any indebtedness of the district as provided in this article;
(n) To levy and collect a sales tax pursuant
to the provisions of this article, subject to the requirements
of section 20 of article X of the state constitution, and the
board may pledge such sales tax revenues or any portion thereof
for the payment of any indebtedness of the district;
(o) To invest moneys received by the district
pursuant to the provisions of this article in accordance with
the provisions of part 6 of article 75 of title 24, C.R.S.;
(p) To administer and use moneys received
by the district in accordance with the provisions of this article;
(q) To develop reporting and review requirements
governing the receipt and expenditures of any moneys received
by the district pursuant to this article;
(r) To deposit any moneys of the district
in any banking institution or savings and loan association within
the state as authorized in section 2475603, C.R.S.,
and to appoint, for purposes of making such deposits, one or more
persons to act as custodians of the moneys of the district, who
may be required to give surety bonds in such amounts and form
and for such purposes as the board may require.
(3) IF MILE HIGH STADIUM IS RENOVATED
OR IF A NEW STADIUM IS BUILT, the board shall make a good faith
effort to sell or lease the name of the stadium and any symbol
or image of the general design, appearance, or configuration of
the stadium, including trademarks, service marks, trade names,
and logos. All proceeds from such sale or lease, if any, shall
be used by the board to pay the principal, interest, and prepayment
premium, if any, on outstanding special obligation bonds issued
by the board pursuant to the provisions of this article.
(4) The board shall not use any money
received from the franchise to accomplish or exercise any powers
and duties of the board prior to the holding of the election authorized
pursuant to section 3215107.
(5) In carrying out its duties in connection
with the operation of the stadium, the board shall duly consider:
(a) That all food and beverage concession
contracts at the NEW stadium, OR AT MILE HIGH STADIUM IF IT IS
RENOVATED, be competitively bid in accordance with the provisions
of article 103 of title 24, C.R.S.;
(b) That, for all food and beverage concession
contracts, due consideration be given to persons or businesses
that are authorized to transact business in Colorado and that:
(I) (A) Maintain their principal
place of business in Colorado; or
(B) Maintain a place of business in Colorado
and that have filed unemployment compensation reports in at least
seventyfive percent of the eight quarters immediately before
commencement of the contract; or
(II) Are minorityowned independent
businesses; and
(c) That no person or business be awarded
a food and beverage concession contract allowing such person or
business to occupy more than twentyfive percent of the total
square footage allocated for food and beverage sales at MILE HIGH
STADIUM IF IT IS RENOVATED OR AT the NEW stadium.
(6) (a) The board shall study, consider,
and pursue opportunities for privatizing the costs of ACQUIRING
MILE HIGH STADIUM OR acquiring a stadium site FOR A NEW STADIUM,
the costs of RENOVATING MILE HIGH STADIUM OR constructing a NEW
stadium, or the costs of operating a stadium in order to minimize
the use of sales tax revenues to the greatest extent possible
for the purposes of this article. Such methods to be studied,
considered, and pursued by the board in order to achieve such
privatization shall include, but not be limited to, the following:
(I) Financial incentives from private
sources, including landowners and developers, available to offset
the cost of a stadium site and the construction OF A NEW STADIUM,
THE COST OF RENOVATING MILE HIGH STADIUM, AND THE COST OF maintenance,
and operation of a stadium, including, but not limited to: Contributions
of money, goods, equipment, and services; leasepurchase
agreements; saleleaseback agreements; and joint venture
proposals;
(II) The sale or lease of seat rights;
(III) The sale or lease of luxury suites,
commonly referred to as sky boxes; and
(IV) The sale of longterm advertising,
parking, and concession rights.
(b) The board shall study and consider
whether it would be beneficial to use a tax other than the sales
and use tax authorized in section 3215110 to fund
all or a portion of any multiplefiscal year financial obligations
issued by the board.
SECTION 4. 3215107
(1) (d) (I), Colorado Revised Statutes, as amended, is amended
to read:
3215107. Authorizing election.
(1) (d) (I) Except as otherwise provided
in subparagraph (III) of this paragraph (d), at the election,
the question appearing on the ballot shall be DETERMINED as follows:
(A) IN THE EVENT THAT THE BOARD HAS DETERMINED
THAT IT IS MORE COST EFFECTIVE AND ECONOMICALLY VIABLE TO RENOVATE
MILE HIGH STADIUM THAN TO BUILD A NEW STADIUM, THE QUESTION APPEARING
ON THE BALLOT SHALL BE AS FOLLOWS:
"SHALL THE METROPOLITAN FOOTBALL STADIUM DISTRICT
TAXES BE INCREASED (first full fiscal year dollar increase)
ANNUALLY AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY
THEREAFTER FROM THE LEVY AND COLLECTION BY THE DISTRICT OF A ONETENTH
OF ONE PERCENT SALES AND USE TAX FOR A PERIOD NOT TO EXTEND BEYOND
JANUARY 1, 2012, OR UPON PAYMENT OF THE SPECIAL OBLIGATION BONDS,
WHICHEVER OCCURS EARLIER, COMMENCING AFTER THE TERMINATION OF
THE SALES AND USE TAX LEVIED AND COLLECTED BY THE DENVER METROPOLITAN
MAJOR LEAGUE BASEBALL STADIUM DISTRICT, WITH ALL OF THE PROCEEDS
TO BE USED AND SPENT, ALONG WITH FUNDS FROM OTHER SOURCES INCLUDING
THE PRIVATE SECTOR, FOR THE COSTS RELATING TO THE RENOVATION OF
MILE HIGH STADIUM; AND SHALL THE METROPOLITAN FOOTBALL STADIUM
DISTRICT BE AUTHORIZED TO ISSUE MULTIPLEFISCAL YEAR FINANCIAL
OBLIGATIONS PAYABLE FROM THE PROCEEDS OF SAID ONETENTH OF
ONE PERCENT SALES AND USE TAX AND SAID FUNDS FROM OTHER SOURCES,
WHICH AUTHORIZATION SHALL INCLUDE THE AUTHORITY TO REFUND SUCH
MULTIPLEFISCAL YEAR FINANCIAL OBLIGATIONS AND REFUNDING
SPECIAL OBLIGATION BONDS WITHOUT ADDITIONAL VOTER APPROVAL?"
(B) IN THE EVENT THAT THE BOARD HAS DETERMINED
THAT IT IS MORE COST EFFECTIVE AND ECONOMICALLY VIABLE TO BUILD
A NEW STADIUM THAN TO RENOVATE MILE HIGH STADIUM, THE QUESTION
APPEARING ON THE BALLOT SHALL BE AS FOLLOWS:
"SHALL THE METROPOLITAN FOOTBALL STADIUM DISTRICT
TAXES BE INCREASED (first full fiscal year dollar increase)
ANNUALLY AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY
THEREAFTER FROM THE LEVY AND COLLECTION BY THE DISTRICT OF A ONETENTH
OF ONE PERCENT SALES AND USE TAX FOR A PERIOD NOT TO EXTEND BEYOND
JANUARY 1, 2012, OR UPON PAYMENT OF THE SPECIAL OBLIGATION BONDS,
WHICHEVER OCCURS EARLIER, COMMENCING AFTER THE TERMINATION OF
THE SALES AND USE TAX LEVIED AND COLLECTED BY THE DENVER METROPOLITAN
MAJOR LEAGUE BASEBALL STADIUM DISTRICT, WITH ALL OF THE PROCEEDS
TO BE USED AND SPENT, ALONG WITH FUNDS FROM OTHER SOURCES INCLUDING
THE PRIVATE SECTOR, FOR THE COSTS RELATING TO THE CONSTRUCTION
OF A NEW FOOTBALL STADIUM TO BE LOCATED WITHIN THE DISTRICT; AND
SHALL THE METROPOLITAN FOOTBALL STADIUM DISTRICT BE AUTHORIZED
TO ISSUE MULTIPLEFISCAL YEAR FINANCIAL OBLIGATIONS PAYABLE
FROM THE PROCEEDS OF SAID ONETENTH OF ONE PERCENT SALES
AND USE TAX AND SAID FUNDS FROM OTHER SOURCES, WHICH AUTHORIZATION
SHALL INCLUDE THE AUTHORITY TO REFUND SUCH MULTIPLEFISCAL
YEAR FINANCIAL OBLIGATIONS AND REFUNDING SPECIAL OBLIGATION BONDS
WITHOUT ADDITIONAL VOTER APPROVAL?"
SECTION 5. 3215111
(1) (b), (1) (c), and (1) (g), Colorado Revised Statutes, as amended,
are amended to read:
3215111. Sales tax revenues
use. (1) Sales tax revenues
levied and collected pursuant to the provisions of section 3215110
shall be used by the board for the following purposes:
(b) UPON THE APPROVAL OF THE REGISTERED
ELECTORS OF THE BALLOT QUESTION SET FORTH IN SECTION 3215107
(1) (d) (I) (B), to acquire a site within the district that shall
be suitable for construction of a stadium;
(c) To plan, design, and RENOVATE MILE
HIGH STADIUM OR TO PLAN, DESIGN, AND construct a stadium and all
facilities incidental thereto;
(g) To reimburse the board for preconstruction
planning of the design and RENOVATION OF MILE HIGH STADIUM OR
THE construction of a NEW stadium and for the hiring of professionals
to assist in these and other related activities.
SECTION 6. 3215120,
Colorado Revised Statutes, as amended, is amended to read:
3215120. Contracts. The
board shall award contracts in excess of three thousand dollars
on a fair and competitive basis for the RENOVATION OR construction
of any works, facility, or project, or portion thereof, or for
the performance or furnishing of any labor, material, personal
or real property, services, or supplies.
SECTION 7. 3215126,
Colorado Revised Statutes, as amended, is amended to read:
3215126. Sale of real and
personal property of district. Upon
completion of the RENOVATION OF MILE HIGH STADIUM OR THE construction
of a NEW stadium pursuant to the provisions of this article, the
board shall make a good faith effort to sell the real and personal
property of the district, including the stadium, to any qualified
buyer subject to the leasehold interest and other contract rights
of the franchise. The board shall establish criteria to determine
qualified buyers. The board shall not accept any offer from any
qualified buyer for such real and personal property of the district
for an amount less than the total amount of outstanding obligations
of the district or the amount of sales tax revenues used by the
board to acquire a site for the stadium and to construct the stadium,
whichever is greater.
SECTION 8. 3215129
(1) (b), (1) (c), and (1) (d), Colorado Revised Statutes, as amended,
are amended to read:
3215129. Commission
powers and duties. (1) The
commission shall have the following powers and duties:
(b) To establish criteria for selection
of a stadium
site FOR A NEW STADIUM, INCLUDING THE PRESENT MILE HIGH STADIUM
SITE;
(c) To conduct such investigations and
studies as may be necessary in order to evaluate sites within
the district that may be suitable for the construction of a stadium,
including, without limitation, a study of sports facilities in
other cities. In connection with such evaluation process, the
board shall consult with representatives of any city, town, city
and county, or county included, in whole or in part, in the district,
the chambers of commerce located within the district, the board
of directors of the Denver metropolitan major league baseball
stadium district, the Colorado baseball commission, and any other
individuals, groups of individuals, or entities that may provide
any relevant expertise concerning the evaluation of stadium
sites FOR A NEW STADIUM. In addition, the board shall consult
with the urban land institute pursuant to the provisions of section
3215132 concerning the evaluation of sites, for
a INCLUDING MILE HIGH stadium.
(d) To select a single site within the
district for the location of a NEW stadium OR THE MILE HIGH STADIUM
SITE after consideration of the results of the investigations,
studies, evaluation, and consultations set forth in paragraph
(c) of this subsection (1);
SECTION 9. The
introductory portion to 3215131 (1), Colorado Revised
Statutes, as amended, is amended to read:
3215131. Criteria
stadium site stadium. (1) The
commission shall establish criteria for the
ANY stadium site. In establishing such criteria, the commission
shall consider factors that it deems relevant, including, but
not limited to:
SECTION 10. Safety
clause. The general assembly hereby finds, determines, and
declares that this act is necessary for the immediate preservation
of the public peace, health, and safety.
____________________________ ____________________________
Tom Norton Charles E. Berry
PRESIDENT OF SPEAKER OF THE HOUSE
THE SENATE OF REPRESENTATIVES
____________________________ ____________________________
Joan M. Albi Judith M. Rodrigue
SECRETARY OF CHIEF CLERK OF THE HOUSE
THE SENATE OF REPRESENTATIVES
APPROVED________________________________________
_________________________________________
Roy Romer
GOVERNOR OF THE STATE OF COLORADO