1.1 	A bill for an act
1.2 	relating to stadiums; providing for the financing of a football stadium in Anoka 
1.3 	County; creating a stadium authority; authorizing the county to levy and collect 
1.4 	certain taxes; creating a Metrodome proceeds account; requiring a report;
1.5 	amending Minnesota Statutes 2004, section 297A.71, by adding a subdivision; 
1.6 	proposing coding for new law in Minnesota Statutes, chapter 473; proposing 
1.7 	coding for new law as Minnesota Statutes, chapter 473J; repealing Minnesota 
1.8 	Statutes 2004, section 473.5995.
1.9 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.10 	Section 1. Minnesota Statutes 2004, section 297A.71, is amended by adding a 
1.11 	subdivision to read:
1.12 		Subd. 37.Stadium construction materials and equipment exempt. Materials 
1.13 	and supplies used or consumed in, and equipment incorporated into the construction of, 
1.14 	a National Football League stadium constructed under chapter 473J are exempt.  The 
1.15 	exemption under this subdivision terminates one year after the first National Football 
1.16 	League game is played in the stadium.

1.17 	Sec. 2. [473.5996] METRODOME PROCEEDS ACCOUNT.
1.18 		Subdivision 1.Creation. A Metrodome proceeds account is created in the special 
1.19 	revenue fund in the state treasury. Upon the sale of the Metrodome, the Metropolitan 
1.20 	Sports Facilities Commission must transfer the net sale proceeds to the Metrodome 
1.21 	proceeds account.
1.22 		Subd. 2.Report. The Metropolitan Sports Facilities Commission shall make 
1.23 	recommendations to the legislature concerning the appropriate division of the sale 
1.24 	proceeds between the city of Minneapolis, the University of Minnesota, the Minnesota 
2.1 	Twins, and the Minnesota Vikings. The recommendations are due within one month of the 
2.2 	commencement of the legislative session next following the sale of the Metrodome.

2.3 	Sec. 3. [473J.01] PURPOSE.
2.4 	The legislature finds that construction of a new stadium that meets National 
2.5 	Football League programmatic requirements, with a retractable or fixed roof, in the 
2.6 	city of Blaine, county of Anoka, serves a public purpose.  The legislature finds that the 
2.7 	public purpose served includes retaining the Minnesota Vikings as a part of Minnesota's 
2.8 	public amenities for its citizens and as a major attraction to visitors to the state, adding to 
2.9 	the economic development of the state, Anoka County, and surrounding communities, 
2.10 	attracting revenue from out of the state, and preserving the contributions of football to the 
2.11 	culture of Minnesota and to the enjoyment of its citizens.  Further, the legislature finds 
2.12 	that a National Football League stadium may be financed as a public-private partnership 
2.13 	between the state, Anoka County, the Minnesota Vikings, and other supporting interests 
2.14 	that may contribute to the construction of a football stadium and related facilities.  The 
2.15 	legislature further finds that a new stadium should be coordinated with transportation 
2.16 	and transit plans and activities.

2.17 	Sec. 4. [473J.02] DEFINITIONS.
2.18 		Subdivision 1.Terms. For the purposes of this chapter, the terms defined in this 
2.19 	section have the meanings given them in this section, except as otherwise provided.
2.20 		Subd. 2.Authority. "Authority" means the Anoka County-Blaine Stadium 
2.21 	Authority.
2.22 		Subd. 3.Sports facilities. "Sports facilities" means the stadium, with a retractable 
2.23 	or fixed roof, adjoining structures related to the operation of the stadium, practice 
2.24 	facilities, including preseason training camp facilities, and other supporting infrastructure, 
2.25 	including parking.
2.26 		Subd. 4.Stadium district. "Stadium district" means a district containing the 
2.27 	National Football League stadium and consisting of no more than 740 contiguous acres 
2.28 	surrounding the sports facilities that is jointly designated by the authority, Anoka County, 
2.29 	and the city of Blaine.

2.30 	Sec. 5. [473J.03] LOCATION.
2.31 	The new National Football League stadium shall be located in the city of Blaine, 
2.32 	Anoka County, Minnesota.

3.1 	Sec. 6. [473J.04] ANOKA COUNTY-BLAINE STADIUM AUTHORITY; 
3.2 	MEMBERSHIP; ADMINISTRATION.
3.3 		Subdivision 1.General. The Anoka County-Blaine Stadium Authority is 
3.4 	established and shall be organized and administered as provided in this section. The 
3.5 	Anoka County-Blaine Stadium Authority is established as a public body, corporate and 
3.6 	politic, and political subdivision of the state. The authority is not a joint powers entity 
3.7 	or an agency or instrumentality of the county. The authority shall have those powers 
3.8 	authorized by section 473J.05.
3.9 		Subd. 2.Membership. The authority shall have seven members, three of whom 
3.10 	shall be appointed by the Anoka County Board of Commissioners and three of whom shall 
3.11 	be appointed by the Blaine city council.  The seventh member shall be a chair appointed as 
3.12 	provided in subdivision 3.
3.13 		Subd. 3.Chair. The chair shall be appointed by the governor as the seventh voting 
3.14 	member and shall meet all the qualifications of a member.  The chair shall preside at all 
3.15 	meetings of the authority, if present, and shall perform all other duties and functions 
3.16 	assigned by the authority or by law. The authority may appoint from among its members a 
3.17 	vice-chair to act for the chair during a temporary absence or disability.
3.18 		Subd. 4.Qualifications. A member shall not, during a term of office, hold any 
3.19 	judicial office or office of state government.  Each member shall qualify by taking and 
3.20 	subscribing the oath of office prescribed by the Minnesota Constitution, article V, section 6.
3.21 		Subd. 5.Terms. The initial terms of three members shall end the first Monday of 
3.22 	January 2010.  Two of the members must be appointed by the Anoka County Board, and 
3.23 	one of the members must be appointed by the Blaine city council.  The terms of the other 
3.24 	members and the chair shall end the first Monday in January 2012.  Subsequent terms of 
3.25 	each member and chair shall be four years.  The term shall continue until a successor is 
3.26 	appointed and qualified. Members may be removed only for cause.
3.27 		Subd. 6.Vacancies. Vacancies shall be filled by the appropriate appointing authority 
3.28 	in the same manner in which the original appointment was made.
3.29 		Subd. 7.Compensation. Each authority member shall be paid $50 for each day 
3.30 	when the member attends one or more meetings or provides other services, as authorized 
3.31 	by the authority, and shall be reimbursed for all actual and necessary expenses incurred 
3.32 	in the performance of duties.  The chair of the authority shall receive, unless otherwise 
3.33 	provided by other law, a salary in an amount fixed by the members of the authority and 
3.34 	shall be reimbursed for reasonable expenses to the same extent as a member.  The annual 
3.35 	budget shall provide as a separate account anticipated expenditures for per diem, travel, 
4.1 	and associated expenses for the chair and members, and compensation or reimbursement 
4.2 	shall be made to the chair and members only when budgeted.
4.3 		Subd. 8.Regular and special meetings. Meetings of the authority are subject to 
4.4 	chapter 13D. The authority shall meet regularly at least once each month, at a time and 
4.5 	place as the authority shall by resolution designate.  Special meetings may be held at any 
4.6 	time upon the call of the chair or a majority of the members, upon written notice to each 
4.7 	member at least three days prior to the meeting, or upon other notice that the authority 
4.8 	provides by resolution.  Unless otherwise provided, any action of the authority may be 
4.9 	taken by affirmative vote of a majority of the members.  A majority of all the members 
4.10 	of the authority constitutes a quorum, but a lesser number may meet and adjourn from 
4.11 	time to time and compel the attendance of absent members.
4.12 		Subd. 9.Executive director. The authority shall appoint an executive director 
4.13 	who shall be chosen on the basis of training, experience, and other related qualifications. 
4.14 	The executive director shall serve at the pleasure of the authority, but shall not vote, and 
4.15 	shall have the following powers and duties:
4.16 	(1) see that all resolutions, rules, or orders of the authority are enforced;
4.17 	(2) appoint and remove all subordinate officers and regular employees of the 
4.18 	authority;
4.19 	(3) present to the authority plans, studies, or reports prepared for authority purposes 
4.20 	and recommend to the authority for adoption the measures the executive director deems 
4.21 	necessary to enforce or carry out the powers and duties of the authority, or to the efficient 
4.22 	administration of the affairs of the authority;
4.23 	(4) keep the authority fully advised as to its financial condition, and prepare and 
4.24 	submit to the authority its annual budget and other financial information it requests;
4.25 	(5) recommend to the authority for adoption the rules the executive director deems 
4.26 	necessary for the efficient operation of the authority's functions; and 
4.27 	(6) perform other duties prescribed by the authority.
4.28 		Subd. 10.Employees. The authority shall adopt a personnel code covering its 
4.29 	employees. The code shall include a job classification plan, procedures for employment of 
4.30 	personnel, procedures for discipline and discharge, procedures for hearing grievances, 
4.31 	procedures for compensation administration, and other matters adopted by the authority. 
4.32 	Employees of the authority are members of the Public Employees Retirement Association.
4.33 		Subd. 11.Public officials. Members of the authority and the executive director are 
4.34 	"public officials" for purposes of chapter 10A.

4.35 	Sec. 7. [473J.05] POWERS OF AUTHORITY.
5.1 		Subdivision 1.General. The authority has all powers necessary or convenient to 
5.2 	accomplish the purposes of this chapter, including, but not limited to, those specified 
5.3 	in this section.
5.4 		Subd. 2.Actions. The authority may sue and be sued and is a public body within 
5.5 	the meaning of chapter 562.
5.6 		Subd. 3.Acquisition of property. The authority may acquire by lease, purchase, 
5.7 	monetary or land contribution, or devise all necessary right, title, and interest in and to real 
5.8 	or personal property deemed necessary to the purposes contemplated by this chapter.
5.9 		Subd. 4.Tax exemption. Any real or personal property acquired, owned, leased, 
5.10 	controlled, used, or occupied by the authority for any of the purposes of this chapter 
5.11 	is declared to be acquired, owned, leased, controlled, used, and occupied for public, 
5.12 	governmental, and municipal purposes, and is exempt from ad valorem taxation by the state 
5.13 	or any political subdivision of the state.  The properties are subject to special assessments 
5.14 	levied by a political subdivision for a local improvement in amounts proportionate to and 
5.15 	not exceeding the special benefit received by the properties from the improvement.  No 
5.16 	possible use of any of the properties in any manner different from their use under this 
5.17 	chapter at the time shall be considered in determining the special benefit received by the 
5.18 	properties.  Notwithstanding section 272.01, subdivision 2, or 273.19, property leased by 
5.19 	the authority to another person for uses related to the purposes of this chapter is exempt 
5.20 	from taxation regardless of the length of the lease. This exemption includes concessions, 
5.21 	suites, locker rooms, and clubhouse facilities in the stadium and parking facilities on the 
5.22 	stadium site, as well as space occupied by the authority.  It does not include team offices, 
5.23 	residential, business, or commercial development, or parking facilities primarily for these 
5.24 	uses, or other property not directly related to the operation of a stadium facility.
5.25 		Subd. 5.Liquor licenses. The city of Blaine may issue one or more intoxicating 
5.26 	liquor licenses for the stadium.  These licenses are in addition to the number authorized by 
5.27 	law.  All provisions of chapter 340A not inconsistent with this subdivision apply to the 
5.28 	licenses authorized under this subdivision.
5.29 		Subd. 6.Facility operation. The authority may equip, improve, operate, manage, 
5.30 	maintain, and control the sports facilities constructed, remodeled, or acquired under 
5.31 	this chapter.  The authority may delegate any of these duties to a qualified third party. 
5.32 	The authority must seek to promote and maximize the use of the sports facilities for 
5.33 	nonfootball events.
5.34 		Subd. 7.Disposition of property. The authority may sell, lease, or otherwise 
5.35 	dispose of any real or personal property acquired by it, which is no longer required for 
6.1 	accomplishment of its purposes.  The property must be sold according to section 469.065, 
6.2 	except subdivisions 6 and 7.
6.3 		Subd. 8.Gifts and grants. The authority may accept donations of money, property, 
6.4 	or services; may apply for and accept grants or loans of money or other property from the 
6.5 	United States, the state, any subdivision of the state, or any person for any of its purposes; 
6.6 	may enter into any agreement required in connection therewith; and may hold, use, and 
6.7 	dispose of the donations according to the terms of the gifts, grant, loan, or agreement.  In 
6.8 	evaluating proposed monetary contributions, grants, loans, and agreements required in 
6.9 	connection therewith, the authority shall examine the possible short-range and long-range 
6.10 	impact on authority revenues and authority operating expenditures.  The authority must 
6.11 	notify potential contributors that contributions qualify for the charitable contribution 
6.12 	deductions under section 170 of the Internal Revenue Code, provided that the contributor 
6.13 	does not receive substantial direct benefit from the contribution.
6.14 		Subd. 9.Issuance of bonds. The authority may authorize the sale and issuance of 
6.15 	bonds in the manner and for the purposes set out in section 473J.06.
6.16 		Subd. 10.Research. The authority may conduct research studies and programs; 
6.17 	collect and analyze data; prepare reports, maps, charts, and tables; and conduct all 
6.18 	necessary hearings and investigations in connection with its functions.
6.19 		Subd. 11.Use agreements. The authority may lease, license, or enter into 
6.20 	agreements and may fix, alter, charge, and collect rentals, fees, and charges to all persons 
6.21 	for the use, occupation, and availability of part or all of any premises, property, or 
6.22 	facilities under its ownership, operation, or control for purposes that will provide athletic, 
6.23 	educational, cultural, commercial, or other entertainment, instruction, or activity for 
6.24 	citizens of the state of Minnesota and visitors.  Any use agreement may provide that 
6.25 	the other contracting party has exclusive use of the premises at the times agreed upon, 
6.26 	including exclusive use and control for the term of its agreement by the Minnesota Vikings.
6.27 		Subd. 12.Insurance. The authority may require any employee to obtain and 
6.28 	file with it an individual bond or fidelity insurance policy.  It may procure insurance in 
6.29 	the amounts it considers necessary against liability of the authority or its officers and 
6.30 	employees for personal injury or death and property damage or destruction, with the force 
6.31 	and effect stated in chapter 466, and against risks of damage to or destruction of any of 
6.32 	its facilities, equipment, or other property.
6.33 		Subd. 13.Creating a condominium. The authority may, by itself or together with 
6.34 	any other entity, as to real or personal property comprising or appurtenant or ancillary to 
6.35 	the stadium constructed and operated under this chapter or other law, act as a declarant and 
6.36 	establish a condominium or leasehold condominium under chapter 515A, or a common 
7.1 	interest community or leasehold common interest community under chapter 515B, and 
7.2 	may grant, establish, create, or join in other or related easements, agreements, and similar 
7.3 	benefits and burdens that the authority may consider necessary or appropriate, and exercise 
7.4 	any and all rights and privileges and assume obligations under them as a declarant, unit 
7.5 	owner, or otherwise, insofar as practical and consistent with applicable law.  The authority 
7.6 	may be a member of an association and the chair, any commissioners, and any officers 
7.7 	and employees of the authority may serve on the board of an association under chapter 
7.8 	515A or 515B or other law.
7.9 		Subd. 14.Procurement. (a) The authority and the Minnesota Vikings shall 
7.10 	jointly select a construction manager. With respect to the construction of the stadium, 
7.11 	the construction manager must:
7.12 	(1) guarantee a maximum cost of construction; and 
7.13 	(2) provide payment and performance bonds or other security reasonably acceptable 
7.14 	to the authority in an amount equal to the guaranteed maximum cost of construction, and 
7.15 	shall comply with section 471.345 and all employment requirements applicable to city, 
7.16 	metropolitan agency, and state contracts for construction, including prevailing wages as 
7.17 	defined in section 177.42, affirmative action, and outreach.
7.18 	(b) The lessee under the stadium lease described in section 473J.08, subdivision 2, 
7.19 	or the construction manager may enter into contracts with contractors for labor, materials, 
7.20 	supplies, and equipment to equip and construct the new stadium through the process 
7.21 	of public bidding.
7.22 	(c) The lessee or the construction manager may:
7.23 	(1) limit the list of eligible bidders to those that the construction manager determines 
7.24 	possess sufficient expertise to perform the intended functions;
7.25 	(2) award contracts to the contractors that the construction manager determines 
7.26 	provide the best value, which need not be the lowest responsible bidder; and 
7.27 	(3) for work the construction manager determines to be critical to the completion 
7.28 	schedule, award contracts on the basis of competitive proposals or perform work with 
7.29 	its own forces without soliciting competitive bids if the construction manager provides 
7.30 	evidence of competitive pricing.
7.31 		Subd. 15.Audit. The authority is subject to audit by the state auditor.

7.32 	Sec. 8. [473J.06] ISSUANCE OF BONDS.
7.33 		Subdivision 1.Bonds. (a) The authority may by resolution, by a vote of a majority 
7.34 	of its members, authorize the sale and issuance of its bonds for any or all of the following 
7.35 	purposes:
8.1 	(1) to provide funds and pay costs to predesign, design, construct, furnish, equip, 
8.2 	and otherwise improve or better the sports facilities owned or to be owned by the authority 
8.3 	pursuant to this act, including construction of a retractable or fixed roof, and to finance 
8.4 	acquisition of right-of-way and construction and reconstruction of Interstate Highway 
8.5 	35W and other trunk highways in Anoka County to improve access to the stadium;
8.6 	(2) to establish a reserve fund or funds for the bonds and to pay costs of issuance 
8.7 	of the bonds;
8.8 	(3) to refund bonds issued under this section; and 
8.9 	(4) to fund judgments entered by any court against the authority in matters relating 
8.10 	to the authority's functions related to the sports facilities.
8.11 	(b) The county may by resolution by a vote of a majority of its members authorize 
8.12 	the sale and issuance of its bonds for the costs of constructing and equipping the stadium.
8.13 		Subd. 2.Procedure. The bonds shall be sold, issued, and secured on the terms 
8.14 	and conditions the authority or the county, as applicable, determines to be in the best 
8.15 	interests of the authority or county and residents therein, except as otherwise provided in 
8.16 	this chapter. The bonds must be limited obligations, payable solely from or secured by 
8.17 	taxes levied and any other revenues to become available under this act. The bonds may 
8.18 	be issued in one or more series and sold without an election. The bonds shall be sold in 
8.19 	the manner provided by section 475.60. The bonds shall be secured; bear the interest 
8.20 	rate or rates or a variable rate; have the rank or priority; be executed in the manner; be 
8.21 	payable in the manner; mature; and be subject to the defaults, redemptions, repurchases, 
8.22 	tender options, or other terms, as the county may determine. The county may enter into 
8.23 	and perform all contracts deemed necessary or desirable by it to issue and secure the 
8.24 	bonds, including an indenture of trust with a trustee within or without the state. The debt 
8.25 	represented by the bonds shall not be included in computing any debt limitation applicable 
8.26 	to the county. Subject to this subdivision, the bonds must be issued and sold in the manner 
8.27 	provided in Minnesota Statutes, chapter 475. The bonds shall recite that they are issued 
8.28 	under this act and the recital shall be conclusive as to the validity of the bonds and the 
8.29 	imposition and pledge of the taxes levied for their payment. 
8.30 		Subd. 3.Limitations. (a) The principal amount of the bonds issued under 
8.31 	subdivision 1 shall not exceed the amounts authorized in this subdivision.  The principal 
8.32 	amount of bonds issued by the authority under subdivision 1, paragraph (a), clauses (1) 
8.33 	and (2), shall be limited to $230,000,000 plus the amounts necessary to fund appropriate 
8.34 	reserves and pay issuance costs. 
9.1 	(b) The principal amount of the bonds issued by the county under subdivision 1, 
9.2 	paragraph (b), shall be limited to $280,000,000, plus the amounts necessary to fund 
9.3 	appropriate reserves and pay issuance costs. 
9.4 	(c) The authority and the county shall issue the bonds, and construction of the 
9.5 	stadium may commence when the authority has made the following determinations:
9.6 	(1) the authority has executed a long-term use agreement with the Minnesota 
9.7 	Vikings, meeting the requirements of section 473J.08;
9.8 	(2) the authority has executed a development and financing agreement with Anoka 
9.9 	County, the city of Blaine, and the Minnesota Vikings meeting the requirements of section 
9.10 	473J.07;
9.11 	(3) the proceeds of bonds authorized and provided for in this subdivision will 
9.12 	be sufficient, together with other capital funds that may be available to the authority 
9.13 	for expenditure on the sports facilities, including, except as otherwise provided in this 
9.14 	subdivision, the acquisition, clearance, relocation, and legal costs referred to in clauses 
9.15 	(4) and (5);
9.16 	(4) the authority has acquired title to or an interest in all real property, including all 
9.17 	easements, air rights, and other appurtenances needed for the construction and operation of 
9.18 	the sports facility or has received a grant of funds or has entered into agreements sufficient 
9.19 	in the judgment of the authority to assure the receipt of funds, at the time and in the 
9.20 	amount required, to make any payment upon which the authority's acquisition of title or 
9.21 	interest in and possession of the real property is conditioned;
9.22 	(5) the authority has received a grant of funds or entered into agreements sufficient 
9.23 	in the judgment of the authority to assure the receipt of funds, at the time and in the 
9.24 	amount required, to pay all costs, except as provided in this subdivision, of clearing the 
9.25 	real property needed for the construction and operation of the sports facilities, railroad 
9.26 	tracks, and other structures, including, without limitation, all relocation costs, all utility 
9.27 	relocation costs, and all legal costs;
9.28 	(6) the authority has executed agreements to prevent strikes that would halt, delay, or 
9.29 	impede construction of the sports facilities;
9.30 	(7) the authority has executed agreements that will provide for the construction of 
9.31 	the sports facilities for a certified or guaranteed construction price and completion date 
9.32 	and which include performance bonds in an amount at least equal to 100 percent of the 
9.33 	certified or guaranteed price to cover any costs that may be incurred over and above the 
9.34 	certified price, including, but not limited to, costs incurred by the authority or loss of 
9.35 	revenues resulting from incomplete construction on the completion date;
10.1 	(8) the anticipated revenue from the operation of the sports facilities plus any 
10.2 	additional available revenue of the authority will be an amount sufficient to pay when 
10.3 	due all debt service on the bonds issued under subdivision 1, paragraph (a), plus all 
10.4 	administration, operating, and maintenance expense of the sports facilities;
10.5 	(9) the authority has determined that all public and private funding sources for 
10.6 	construction and operation of the sports facilities are officially committed in writing and 
10.7 	enforceable.  The committed funds must be adequate to site, design, construct, furnish, 
10.8 	equip, and service the sports facilities debt, as well as to pay for the ongoing operation 
10.9 	and maintenance of the stadium;
10.10 	(10) the authority shall ensure that a guaranty is in place in a form satisfactory 
10.11 	to the authority.  The guaranty may be in the form of a letter of credit, minimum net 
10.12 	worth requirements, personal guaranties, or other surety covering the payments on terms 
10.13 	determined by the authority's negotiations with the Minnesota Vikings; and 
10.14 	(11) the validity of any bonds issued under subdivision 1, paragraph (a), clauses (1) 
10.15 	and (2), or (b), and the obligation of the authority or the county related to them, shall 
10.16 	not be conditioned upon or impaired by the authority's determinations made under this 
10.17 	subdivision. For purposes of issuing the bonds, the determinations made by the authority 
10.18 	shall be deemed conclusive and the authority shall be and remain obligated for the security 
10.19 	and payment of the bonds issued under subdivision 1, paragraph (a), irrespective of 
10.20 	determinations that may be erroneous, inaccurate, or otherwise mistaken.
10.21 		Subd. 4.Security. To the extent and in the manner provided in this chapter, the 
10.22 	taxes described in this chapter, the tax and other revenues of the authority described in this 
10.23 	act, and any other revenues of the authority attributable to the sports facilities, including 
10.24 	teams' and Anoka County contributions, shall be and remain pledged and appropriated to 
10.25 	the authority as appropriate for the payment of all necessary and reasonable expenses of 
10.26 	the operation, administration, maintenance of the sports facilities, and debt service of the 
10.27 	bonds until all bonds or certificates of indebtedness issued pursuant to this chapter are 
10.28 	fully paid or discharged in accordance with law.  Bonds issued pursuant to this chapter 
10.29 	may be secured by a bond resolution, or by a trust indenture entered into by the authority 
10.30 	or county, as applicable, with a corporate trustee within or outside the state, which shall 
10.31 	define the tax and team contributions, and other sports facilities revenues pledged for the 
10.32 	payment and security of the bonds.  The pledge shall be a valid charge on the tax and all 
10.33 	other revenues referred to in this chapter from the date when bonds are first issued or 
10.34 	secured under the resolution or indenture and shall secure the payment of principal and 
10.35 	interest and redemption premiums when due and the maintenance at all times of a reserve 
10.36 	or reserves securing payments.  No mortgage of or security interest in any tangible real or 
11.1 	personal property shall be granted to the bondholders or the trustee, but they shall have a 
11.2 	valid security interest in all tax and other revenues received and accounts receivable by 
11.3 	the authority or county shall be hereunder, as against the claims of all other persons in 
11.4 	tort, contract, or otherwise, irrespective of whether the parties have notice of the claims, 
11.5 	and without possession or filing as provided in the Uniform Commercial Code or any 
11.6 	other law.  In the bond resolution or trust indenture, the authority or county may make 
11.7 	covenants, which shall be binding upon the authority or county, that are determined to be 
11.8 	usual and reasonably necessary for the protection of the bondholders.  No pledge shall be 
11.9 	revoked or amended by law or by action of the authority or county except according to 
11.10 	the terms of the bond resolution or indenture under which the bonds are issued, until the 
11.11 	obligations of the authority are fully discharged.
11.12 		Subd. 5.No full faith and credit. Any bonds or other obligations issued by the 
11.13 	authority or county under this act are not public debt of the state, and the full faith and 
11.14 	credit and taxing powers of the state are not pledged for their payment or of any payments 
11.15 	that the state agrees to make under this act.
11.16 		Subd. 6.Taxability of interest on bonds. The bonds authorized by this act may 
11.17 	be issued whether or not the interest to be paid on them is gross income for federal tax 
11.18 	purposes, provided that the authority and the county must make an effort to arrange the 
11.19 	financing for the project in a manner that would allow the interest to be tax exempt to the 
11.20 	greatest extent possible.

11.21 	Sec. 9. [473J.07] DEVELOPMENT AND FINANCING AGREEMENT.
11.22 		Subdivision 1.Agreement required. Prior to the issuance of bonds under section 
11.23 	473J.06, the authority shall negotiate and enter into an agreement with Anoka County, 
11.24 	the city of Blaine, and the Minnesota Vikings concerning the terms and conditions under 
11.25 	which the parties will make contributions of funds, future revenues, interests in property 
11.26 	for the site and public infrastructure, the method of completing design and construction, 
11.27 	which may include the design-build process, the integration of the stadium and related 
11.28 	infrastructure with surrounding development, and other matters relating to the stadium, 
11.29 	its operation, maintenance, and financing.  This agreement shall, at a minimum, meet 
11.30 	the requirements of this section.
11.31 		Subd. 2.Total public investment towards stadium project costs. The total public 
11.32 	investment, including Anoka County's revenue contributions and revenues collected by 
11.33 	the authority in the stadium district defined in section 473J.02, subdivision 2, shall not 
11.34 	exceed 59 percent of the stadium project costs. As used in this section, "stadium project 
11.35 	costs" includes the costs of the following:
12.1 	(1) acquisition of land needed for the stadium structure and related parking and 
12.2 	infrastructure;
12.3 	(2) design and construction of the stadium and related infrastructure;
12.4 	(3) finished space and fixtures, furniture, and equipment within the stadium project 
12.5 	for the Minnesota Vikings, concessions, suites, and the administrative offices of the 
12.6 	authority;
12.7 	(4) land, design, construction, fixtures, furniture, and equipment for the Minnesota 
12.8 	Vikings' indoor practice facility and exhibition hall; and 
12.9 	(5) professional and administrative services necessary for issuance of bonds and 
12.10 	related costs and for creating the authority.
12.11 	The extent of the expenditures under this section is subject to the agreement of 
12.12 	Anoka County and the Minnesota Vikings. Expenditures for finishing and equipping 
12.13 	the space within the stadium for the Minnesota Vikings is subject to a per-square-foot 
12.14 	maximum agreed to by the county and the team.
12.15 		Subd. 3.Team contribution. The team must contribute no less than $280,000,000 
12.16 	to the sports facility costs.  Team contributions may include, but are not limited to, 
12.17 	contribution of land, initial cash contributions, guaranteed annual payments, and 
12.18 	assignments of naming rights and permanent seat licenses, but does not include payments 
12.19 	of operating and maintenance expenses for the stadium, which must be made by the team. 
12.20 	In addition to any other team contribution, the team must assume and pay when due 
12.21 	all cost overruns for the stadium.

12.22 	Sec. 10. [473J.08] USE AGREEMENT.
12.23 		Subdivision 1.Requirement. Prior to the issuance of bonds under section 473J.06, 
12.24 	the authority must have entered into an agreement with the Minnesota Vikings and the 
12.25 	National Football League meeting the requirements of this section.
12.26 		Subd. 2.Agreement with Minnesota Vikings. The authority shall enter into a use 
12.27 	agreement with the Minnesota Vikings that, at a minimum, provides for the following:
12.28 	(1) the Minnesota Vikings will use the stadium for all scheduled home preseason, 
12.29 	regular season, and postseason games that the team is entitled to play at home for a term 
12.30 	of not less than 30 years;
12.31 	(2) the agreement must include terms for default, termination, and breach of 
12.32 	agreement; and 
12.33 	(3) the agreement must require specific performance and must not include escape 
12.34 	clauses or buyout provisions.
13.1 		Subd. 3.Agreement with National Football League. The authority shall enter 
13.2 	into an agreement with the National Football League guaranteeing the continuance of the 
13.3 	Minnesota Vikings in the metropolitan area for the period of the agreements referred to in 
13.4 	subdivision 2, clause (1).
13.5 		Subd. 4. Public share upon sale of team.  The lease or use agreement must provide 
13.6 	that, if the team is sold other than to the county, after the effective date of this act and 
13.7 	before the bonds are defeased, a portion of the sale price must be paid to the county and 
13.8 	used to defease the bonds issued under this act. The portion required to be so paid to the 
13.9 	county is 18 percent of the gross sale price. Any portion remaining after the defease of the 
13.10 	bonds must be paid to the authority and deposited in a reserve fund for improvements to 
13.11 	the stadium or expended as otherwise directed by the authority.

13.12 	Sec. 11. [473J.09] ANOKA COUNTY REVENUE SOURCES; ADDITIONAL 
13.13 	SPENDING AUTHORITY.
13.14 		Subdivision 1.General. Anoka County may utilize the following revenue sources 
13.15 	to make contributions to its share of the total stadium project costs.
13.16 		Subd. 2.Taxing authority. To provide local government revenues to finance the 
13.17 	stadium under this act, including payment of debt service on obligations issued under 
13.18 	section 473J.06, subdivision 1, paragraph (b), Anoka County may:
13.19 	(1) impose a tax on restaurants, places of amusement, alcoholic beverages, or 
13.20 	prepared food, or a tax on lodging, or any of them; or
13.21 	(2) impose a general sales and use tax on sales subject to taxation under chapter 
13.22 	297A, within its jurisdiction of not more than 0.75 percent.
13.23 	The tax imposed under clause (2) must terminate 30 days after the stadium authority 
13.24 	determines that sufficient revenues have been received from this tax and other sources to 
13.25 	retire or redeem the bonds issued under section 473J.06, subdivision 1, paragraph (b).
13.26 	The taxes may be imposed notwithstanding section 477A.016.  The requirements of section 
13.27 	297A.99, subdivisions 2 and 3, do not apply to any tax imposed under this subdivision.
13.28 		Subd. 3.Excess revenues. In any year in which the revenues raised by the taxes 
13.29 	imposed under this section exceed the amount necessary for payment of debt service on 
13.30 	obligations issued under section 473J.06, subdivision 1, the excess shall be used to redeem 
13.31 	or defease bonds issued by the county under section 473J.06, subdivision 1. Upon the 
13.32 	redemption or defeasance of the bonds, the taxes under this subdivision shall terminate 
13.33 	and not be reimposed.

13.34 	Sec. 12. [473J.10] STADIUM TAX INCREMENT COMPUTATION.
14.1 	(a) For any year during which National Football League games are played in the 
14.2 	stadium constructed under this act, the commissioner of revenue shall, by March 1 of the 
14.3 	following year, certify the amount of stadium taxes collected in the previous calendar 
14.4 	year and the amount by which those taxes are in excess of a baseline tax amount. The 
14.5 	amount of stadium taxes that are certified by the commissioner as being in excess of the 
14.6 	baseline tax amount must be deposited in a debt service account in the state treasury and is 
14.7 	appropriated each year to the authority to pay the principal and interest on revenue bonds 
14.8 	issued under section 473J.06, subdivision 1, paragraph (a), for the stadium. 
14.9 	(b) The stadium taxes are the taxes collected at the stadium district as described in 
14.10 	this paragraph. Each year, stadium taxes equal the sum of (1) the withholding taxes due 
14.11 	in a calendar year pursuant to section 290.92 by the Minnesota Vikings, (2) the sales tax 
14.12 	on ticket sales for admission to professional football-related events at the stadium and 
14.13 	sales tax remitted by vendors and concessionaires for sales at professional football-related 
14.14 	events occurring at the stadium in a calendar year, and (3) the state general tax imposed 
14.15 	under section 275.025, within the stadium district. The baseline tax amount is the amount 
14.16 	of stadium taxes as determined in this paragraph for professional football games or related 
14.17 	events held in the Metrodome in 2004. The sales tax for football-related events occurring 
14.18 	at the stadium must be reported in the manner prescribed by the commissioner of revenue.
14.19 	(c) The capture of tax increments under this section terminates upon a determination 
14.20 	by the authority that sufficient revenues have been raised from all sources authorized 
14.21 	under this act to retire or redeem the bonds issued under section 473J.06, subdivision 1, 
14.22 	paragraph (a).

14.23 	Sec. 13. [473J.11] ENVIRONMENTAL REQUIREMENTS.
14.24 	The authority must ensure that environmental requirements imposed by appropriate 
14.25 	regulatory agencies for the sports facilities are complied with.

14.26 	Sec. 14.  REPEALER.
 14.27 	Minnesota Statutes 2004, section 473.5995, is repealed.