§ 32-14-129. Sale of Real and Personal Property of District
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 determine qualified buyers. The board shall not accept any […]
§ 32-14-130. Limitations Upon Promotional Activities
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.
§ 32-14-131. Colorado Baseball Commission – Creation – Membership
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 government, and shall not be subject to administrative direction by any […]
§ 32-14-132. Commission – Powers and Duties
The commission shall have the following powers and duties: To advise and make recommendations to the board concerning the performance of the duties of the board as set forth in this article; To promote the sport of baseball in the state of Colorado, including but not limited to the acquisition of a major league baseball […]
§ 32-14-133. Repeal of Article
This article is repealed, effective as of the earliest occurrence of the following: Five years after July 1, 1989, if the board has not submitted the question set forth in section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 pursuant to the provisions of said section; or At such time […]
§ 32-14-119. Payment, Recital, and Securities
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, or moneys or assets of the district held in escrow, as the case may […]
§ 32-14-120. Incontestable Recital in Securities
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 compliance with all of the provisions of this article, and all securities issued containing […]
§ 32-14-121. Limitation Upon Payment
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, shall be liable to be forfeited or taken in payment […]
§ 32-14-122. Negotiability
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 added, p. 1337, § 1, effective June 2.
§ 32-14-123. Sale of Special Obligation Bonds
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 amount thereof, but such special obligation bonds shall […]