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SF 25 Senate Long Description

Providing a process for the location, construction, financing and long term use of a new national football league stadium in the city of Blaine in Anoka county to be financed as a public private partnership between the state, Anoka county, surrounding communities, the Minnesota Vikings and other supporting interests; establishing the Anoka county-Blaine stadium authority, providing for membership, organization and administration; requiring authority appointment of an executive director; enumerating the powers of the authority and exempting authority property from ad valorem taxation; authorizing the city of Blaine to
issue intoxicating liquor licenses for the stadium; authorizing the authority to issue bonds and to impose sales and use taxes in the stadium district for bond payment purposes; authorizing authority establishment of a condominium or common interest community (CIC); requiring the authority and the Minnesota Vikings to jointly select a construction manager and specifying certain duties of the manager; providing for the issuance of bonds by resolution, prescribing the procedure and specifying certain limits; requiring and providing for authority
negotiation of a development and financing agreement with the county, the city and the Vikings and use agreements with the Vikings and the national football league; authorizing Anoka county to impose certain sales taxes and parking surcharges for stadium financing purposes; requiring the authority to ensure compliance with environmental requirements imposed by appropriate regulatory agencies for sports facilities; exempting sales in the stadium district and materials and supplies used in the construction of the stadium from the general sales tax
(mk)