Title 32, Special Districts
0 chapters · 777 sections in this title.
Colo. Rev. Stat. § 32-15-101 Short title
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This article shall be known and may be cited as the Metropolitan Football Stadium District Act. Source: L. 96: Entire article added, p. 1054, � 1, effective May 23.
Colo. Rev. Stat. § 32-15-102 Legislative declaration
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(1) The general assembly hereby finds, determines, and declares that: (a) There is a question of whether Mile High stadium is viable physically and economically; (b) The general assembly and the public are in need of a full and objective review of the viability of Mile High stadi…
Colo. Rev. Stat. § 32-15-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Board means the board of directors of the metropolitan football stadium district created in section 32-15-105. (2) Commission means the football stadium site selection commission created in section 32-15-128. (3)…
Colo. Rev. Stat. § 32-15-104 Creation of district - area of district
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(1) There is hereby created a district to be known and designated as the metropolitan football stadium district. The district shall be a body corporate and politic and a political subdivision of the state. Except as provided in subsection (1.5) of this section, the area comprisin…
Colo. Rev. Stat. § 32-15-104.3 District area - town of Castle Rock in Douglas county
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(1) In consideration of the fact that various noncontiguous parcels containing less than twenty percent of the residents of the town of Castle Rock are included in the district, the voters within the boundaries of the town of Castle Rock may elect to consolidate the status of the…
Colo. Rev. Stat. § 32-15-104.5 Annexation of enclaves
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(1) When any unincorporated territory is entirely contained within the boundaries of the district, the board may, by resolution, annex the territory to the district. The board shall give notice of a proposed annexation resolution by publishing a copy of the resolution once a week…
Colo. Rev. Stat. § 32-15-105 Board of directors - membership - qualifications
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(1) The district shall be governed by a board of directors which shall consist of nine directors as follows: (a) Six directors representing the counties and the city and county of Denver in the metropolitan Denver area of which one director shall be appointed by the county commis…
Colo. Rev. Stat. § 32-15-106 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 15, the board has 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 maint…
Colo. Rev. Stat. § 32-15-107 Authorizing election
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(1) (a) For purposes of complying with the provisions of section 20 (4) of article X of the state constitution and upon receipt of a notice from the secretary of state stating that a valid petition has been filed and verified and the adoption of a resolution by the board as set f…
Colo. Rev. Stat. § 32-15-108 Position of trust - conflicts of interest
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(1) The position of director, employee, adviser, or agent of the district is declared to be a position of public trust, and, therefore, in order to ensure the confidence of the people of the state in the integrity of the district and the board, the directors, employees, advisers,…
Colo. Rev. Stat. § 32-15-110 Sales tax imposed - collection - administration of tax - discontinuance
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(1) Upon the approval of the registered electors pursuant to the provisions of section 32-15-107, the board shall have the power to levy such uniform sales tax upon the adoption of a resolution for a period commencing after the termination of the sales tax levied and collected by…
Colo. Rev. Stat. § 32-15-110.5 Admissions tax imposed - collection - discontinuance
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(1) (a) Upon the approval of the registered electors pursuant to the provisions of section 32-15-107, the board shall have the power to levy an admissions tax upon the adoption of a resolution for a period not to extend beyond January 1, 2012, upon every purchase of an admission …
Colo. Rev. Stat. § 32-15-111 Sales tax and admissions tax revenues - use
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(1) Sales tax revenues and admissions tax revenues levied and collected pursuant to the provisions of sections 32-15-110 and 32-15-110.5 shall be used by the board for the following purposes: (a) To pay the principal, interest, and prepayment premium, if any, on outstanding speci…
Colo. Rev. Stat. § 32-15-112 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. § 32-15-113 Issuance of special obligation bonds
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(1) Upon the approval of the registered electors pursuant to the provisions of section 32-15-107, the district may borrow money in anticipation of the revenues generated from the operation of a stadium and sales tax revenues and from admissions tax revenues, if any, of the distri…
Colo. Rev. Stat. § 32-15-115 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. § 32-15-116 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. § 32-15-117 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, admissions tax revenues, or moneys or assets held in escrow. No property of the district, sub…
Colo. Rev. Stat. § 32-15-118 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. 96: Entire article…
Colo. Rev. Stat. § 32-15-119 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. § 32-15-120 Contracts
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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, s…
Colo. Rev. Stat. § 32-15-121 Management agreement - operation of stadium
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Upon the approval of the registered electors pursuant to the provisions of section 32-15-107, the board shall negotiate and enter into one or more management agreements for the management and operation of the stadium upon such terms and conditions that the board deems reasonable …
Colo. Rev. Stat. § 32-15-122 Lease of stadium
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(1) Any lease agreement entered into by the district and the franchise shall include, but is not limited to, the following: (a) A lease term that is, at a minimum, for the same length of time as the length of time the sales tax is levied and collected by the district; (b) A provi…
Colo. Rev. Stat. § 32-15-123 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 and admissions tax revenues by the district is discontinued, but prior to the repeal of this article, …
Colo. Rev. Stat. § 32-15-124 Report. (Repealed)
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Source: L. 96: Entire article added, p. 1074, � 1, effective May 23. L. 98: Entire section amended, p. 510, � 14, effective April 22. L. 2001: Entire section repealed, p. 1180, � 20, effective August 8.
Colo. Rev. Stat. § 32-15-125 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. § 32-15-125.5 No action maintainable
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An action or proceeding, at law or in equity, to review any act, resolution, or proceeding or to question the validity or to enjoin the performance of any act, resolution, or proceeding related to the issuance of any bonds or for any other relief against or from any act, resoluti…
Colo. Rev. Stat. § 32-15-126 Sale of real and personal property of district
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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 s…
Colo. Rev. Stat. § 32-15-127 Limitations upon promotional activities
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No moneys of the district shall be used for promotion of the passage of any question submitted to the voters pursuant to the provisions of this article. Source: L. 96: Entire article added, p. 1075, � 1, effective May 23.
Colo. Rev. Stat. § 32-15-128 Football stadium site selection commission - creation - membership
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(1) There is hereby created the football stadium site selection commission which shall consist of eighteen commissioners. The commission shall be a body corporate and a political subdivision of the state, shall not be an agency of state government, and shall not be subject to adm…
Colo. Rev. Stat. § 32-15-129 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 establish criteria for selection of a site for a new stadium, including th…
Colo. Rev. Stat. § 32-15-130 Conflicts of interest prohibited
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No commissioner may vote in favor of a specific stadium site if such commissioner or any member of the immediate family of such commissioner has any direct or indirect financial interest in the real property on which the stadium would be located or any real property which would b…
Colo. Rev. Stat. § 32-15-131 Criteria - stadium site - stadium
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(1) The commission shall establish criteria for any stadium site. In establishing such criteria, the commission shall consider factors that it deems relevant, including, but not limited to: (a) The need for access to the site by motor vehicles, pedestrians, and others using the s…
Colo. Rev. Stat. § 32-15-133 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, 2003, if the board has not submitted the question set forth in section 32-15-107 (1) to the registered electors within the geographic boundaries of the district pu…