Title 32, Special Districts
0 chapters · 777 sections in this title.
Colo. Rev. Stat. § 32-14-101 Short title
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This article shall be known and may be cited as the Denver Metropolitan Major League Baseball Stadium District Act. Source: L. 89: Entire article added, p. 1327, � 1, effective June 2.
Colo. Rev. Stat. § 32-14-102 Legislative declaration
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The general assembly hereby finds, determines, and declares that the location of a major league baseball franchise in the state of Colorado would be a source of recreational entertainment for the residents of the state; that a major league baseball franchise would stimulate econo…
Colo. Rev. Stat. § 32-14-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Board means the board of directors of the Denver metropolitan major league baseball stadium district created by this article. (2) Commission means the Colorado baseball commission created by this article. (3) Com…
Colo. Rev. Stat. § 32-14-104 Creation of district - area of district
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(1) There is hereby created a district to be known and designated as the Denver metropolitan major league baseball stadium district. The district shall be a body corporate and politic and a political subdivision of the state. The area comprising the district shall consist of: (a)…
Colo. Rev. Stat. § 32-14-105 Authorizing election
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(1) The board created in section 32-14-106 may submit to the registered electors within the geographical boundaries of the district, at a general election, at a special election not paid for with public funds, or at a primary election for which the additional cost of the ballot q…
Colo. Rev. Stat. § 32-14-106 Board of directors - membership - qualifications
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(1) The district created in section 32-14-104 shall be governed by a board of directors, which consists of seven directors. No director shall be an elected official. (2) The seven directors shall be appointed by the governor, with the consent of the senate, for four-year terms. A…
Colo. Rev. Stat. § 32-14-107 Board of directors - powers and duties
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(1) In addition to any other powers specifically granted to the board in this article, the board shall have the following powers and duties: (a) To fix the time and place at which its regular and special meetings shall be held within the geographical boundaries of the district; (…
Colo. Rev. Stat. § 32-14-108 Conflicts of interest prohibited
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(1) No director, employee, or agent of the district shall be interested in any contract or transaction with the district except in his official representative capacity. (2) No director may vote in favor of a specific stadium site if such director or any member of the immediate fa…
Colo. Rev. Stat. § 32-14-110 Privatization - study and consideration
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(1) The board shall study, consider, and pursue opportunities for privatizing the costs of acquiring a stadium site, the costs of constructing a 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…
Colo. Rev. Stat. § 32-14-111 Criteria - stadium site - stadium
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(1) The board shall establish criteria for the stadium site and the stadium. In establishing such criteria, the board shall consider factors which it deems relevant including, but not limited to: (a) The need for access to the site by motor vehicles, pedestrians, and others using…
Colo. Rev. Stat. § 32-14-115 Sales tax revenues - use
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(1) Sales tax revenues levied and collected pursuant to the provisions of section 32-14-114 shall be used by the board for the following purposes: (a) To reimburse the board for the day-to-day operating costs incurred in the administration of the district; however, such costs sha…
Colo. Rev. Stat. § 32-14-116 Operating revenues - use
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(1) Any operating revenues generated by the district, including, but not limited to, lease payments, fees, rentals, rates, tolls, penalties, and charges for services, programs, or facilities furnished by the district, shall be used by the board for the following purposes: (a) To …
Colo. Rev. Stat. § 32-14-117 Issuance of special obligation bonds
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(1) Upon the approval of the registered electors pursuant to the provisions of section 32-14-105, the district may borrow money in anticipation of the revenues generated from the operation of a stadium and sales tax revenues of the district and may issue special obligation bonds …
Colo. Rev. Stat. § 32-14-118 Pledge of sales tax revenues and net operating revenues
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The payment of special obligation bonds may be secured by the specific pledge of sales tax revenues of the district, operating revenues of the district, or moneys or assets of the district held in escrow as the board, in its discretion, may determine. Operating revenues, sales ta…
Colo. Rev. Stat. § 32-14-119 Payment, recital, and securities
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Special obligation bonds issued pursuant to the provisions of this article and constituting special obligations shall recite in substance that the obligations and the interest thereon are payable solely from operating revenues of the district, sales tax revenues of the district, …
Colo. Rev. Stat. § 32-14-120 Incontestable recital in securities
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Any authorizing resolution, or other instrument relating thereto pursuant to the provisions of this article, may provide that each security therein designated shall recite that it is issued pursuant to the authority of this article. Such recital shall conclusively impart full com…
Colo. Rev. Stat. § 32-14-121 Limitation upon payment
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The payment of special obligation bonds shall not be secured by any encumbrance, mortgage, or other pledge of property of the district, other than operating revenues, sales tax revenues, or moneys or assets held in escrow. No property of the district, subject to this exception, s…
Colo. Rev. Stat. § 32-14-122 Negotiability
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Subject to the payment provisions specifically provided in this article, any special obligation bonds shall be fully negotiable within the meaning of and for all the purposes of article 8 of title 4, C.R.S., except as the board may otherwise provide. Source: L. 89: Entire article…
Colo. Rev. Stat. § 32-14-123 Sale of special obligation bonds
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(1) Any special obligation bonds issued pursuant to this article shall be sold at public or private sale for not less than the principal amount thereof and accrued interest, or at the option of the board, below par, at a discount not exceeding seven percent of the principal amoun…
Colo. Rev. Stat. § 32-14-124 Contracts
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The board shall award contracts in excess of three thousand dollars on a fair and competitive basis for the 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 su…
Colo. Rev. Stat. § 32-14-125 Management agreement - operation of stadium
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Upon the approval of the registered electors pursuant to the provisions of section 32-14-105 and upon the granting of a major league baseball franchise by major league baseball to be located within the district, the board shall negotiate and enter into one or more management agre…
Colo. Rev. Stat. § 32-14-126 Lease of stadium - major league baseball franchise
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(1) Any lease agreement entered into by the district and the major league baseball franchise to be located in the district shall include, but is not limited to, the following: (a) A provision requiring the major league baseball franchise to conduct its complete regular home seaso…
Colo. Rev. Stat. § 32-14-126.5 Revenue sharing
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After all the principal, interest, and premium, if any, of the special obligation bonds issued pursuant to this article are paid in full and the levy and collection of sales tax revenues by the district is discontinued, but prior to the repeal of this article, any funds collected…
Colo. Rev. Stat. § 32-14-127 Report. (Repealed)
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Source: L. 89: Entire article added, p. 1338, � 1, effective June 2. L. 2002: Entire section repealed, p. 867, � 5, effective August 7.
Colo. Rev. Stat. § 32-14-128 Limitations upon liabilities
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Neither the directors nor any person executing any obligations issued pursuant to the provisions of this article shall be personally liable on the obligations by reason of the issuance thereof. Obligations issued pursuant to this article shall not in any way create or constitute …
Colo. Rev. Stat. § 32-14-129 Sale of real and personal property of district
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Upon completion of the construction of a 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. The board shall establish criteria to deter…
Colo. Rev. Stat. § 32-14-130 Limitations upon promotional activities
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No moneys of the district shall be used for promotion of the acquisition of a major league baseball franchise or for the passage of a sales tax increase for the construction of a stadium within the district. Source: L. 89: Entire article added, p. 1339, � 1, effective June 2.
Colo. Rev. Stat. § 32-14-131 Colorado baseball commission - creation - membership
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(1) There is hereby created the Colorado baseball commission which shall consist of no fewer than fifteen commissioners but no more than eighteen commissioners. The commission shall be a body corporate and a political subdivision of the state, shall not be an agency of state gove…
Colo. Rev. Stat. § 32-14-132 Commission - powers and duties
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(1) The commission shall have the following powers and duties: (a) To advise and make recommendations to the board concerning the performance of the duties of the board as set forth in this article; (b) To promote the sport of baseball in the state of Colorado, including but not …
Colo. Rev. Stat. § 32-14-133 Repeal of article
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(1) This article is repealed, effective as of the earliest occurrence of the following: (a) Five years after July 1, 1989, if the board has not submitted the question set forth in section 32-14-105 (1) to the registered electors within the geographic boundaries of the district pu…