E Providing a process for the location, construction, financing and + long term use of new baseball and football stadiums primarily for use by the +Minnesota Twins and the Minnesota Vikings respectively; requiring location in +the metropolitan area and authorizing a joint powers agreement between +cities and/or counties to host one or both stadiums; establishing the +Minnesota stadium authority to choose the stadium sites from proposals +submitted by franchise owners, authorizing certain contracts, specifying certain +membership requirements and providing for appointment; enumerating the powers of+ the authority, authorizing the establishment of a condominium or common +interest community (CIC); specifying certain criteria and conditions to be +followed or enforced during the stadium process, requiring development agreements+ with the host community and the team relating to funding and construction, +requiring review of the contracts by the commissioner of finance and the +metropolitan council and public hearings; requiring the authority to set a maximum+ total public investment; specifying certain factors to be considered in +selecting the sites; requiring a reserve fund for capital improvements and +guaranteed payment of obligations; requiring league agreements for continuation of +franchises in the metropolitan area, requiring and providing for a community +ownership option and for public share of the value upon sale of a franchise; requiring+ stadium use agreements to provide for use for amateur sports and a no strike +agreement; authorizing and providing for metropolitan council issuance of bonds +for certain purposes and requiring certain council determinations before +beginning construction; specifying certain powers of the host community and +certain negotiation deadlines; repealing certain existing provisions +providing for construction of a new baseball park (ja)