Providing a process for the location, construction, financing and long term use of a new baseball stadium for use by the Minnesota Twins; requiring location in the metropolitan area and authorizing a joint powers agreement between a city and county to host the stadium; establishing the Minnesota stadium authority to choose the stadium site from proposals submitted by the franchise owner and proposed host community, 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 toward project costs and the amount of anticipated contributions from the team, requiring the team to assume and pay cost overruns; specifying certain factors to be considered in selecting the site; requiring the construction to follow sustainable building guidelines; requiring a reserve fund for capital improvements and guaranteed payment of obligations; requiring authority negotiation of a long term use stadium agreement with the team and a league agreement for guaranteed continuation of franchises in the metropolitan area, requiring and providing for a community ownership option, requiring the formation of a corporation to acquire the franchise and regulating the sale of stock and providing for public share of the value; requiring stadium use agreements to provide for use for amateur sports and for affordable access and to prevent strikes halting, delaying or impeding construction; authorizing and providing for metropolitan council issuance of bonds for certain purposes, limit, 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
(mk)