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HF 20

as introduced - 84th Legislature, 2005 1st Special Session (2005 - 2005) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 05/26/2005

Current Version - as introduced

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A bill for an act
relating to stadiums; requiring certain government and
football officials to negotiate and develop an
agreement for the construction, financing, and
operation of a new professional football stadium.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text beginFEASIBILITY STUDY ON NEW FOOTBALL STADIUM.
new text end

new text begin Subdivision 1. new text end

new text begin Parties to agreement. new text end

new text begin Representatives of
Anoka County, the city in which the stadium is proposed to be
located, and the state shall negotiate with the Minnesota
Vikings and the National Football League to develop an agreement
regarding the construction, financing, and operation of a new
Minnesota Vikings football stadium and event center to be
located in Anoka County.
new text end

new text begin Subd. 2. new text end

new text begin Terms of agreement. new text end

new text begin The agreement must address
the following:
new text end

new text begin (1) the construction, development, and design of the new
facility and surrounding areas;
new text end

new text begin (2) the terms and conditions under which each party will
make contributions of funds and otherwise contribute to the
financing of the facility with the Minnesota Vikings
contributing at least one-third of the costs of a new Minnesota
Vikings football stadium and event center and agreeing to be
responsible for any cost overruns;
new text end

new text begin (3) site acquisition;
new text end

new text begin (4) operating expenses and future capital improvements;
new text end

new text begin (5) revenues from game day parking;
new text end

new text begin (6) revenue from the facility and surrounding areas;
new text end

new text begin (7) any adjacent ancillary development;
new text end

new text begin (8) environmental and transportation issues; and
new text end

new text begin (9) the process for selecting a construction manager.
new text end

new text begin Subd. 3. new text end

new text begin Requirements for use of stadium. new text end

new text begin The agreement
must ensure that the Minnesota Vikings will use the stadium for
all scheduled home preseason, regular season, and postseason
games that the team is entitled to play at home for a term of
not less than 30 years and shall contain no escape clauses or
buyout provisions. The agreement must include a provision
relating to specific performance.
new text end

new text begin Subd. 4.new text end

new text beginReport to legislature.new text end

new text beginThe parties to the
agreement must report on the agreement by January 15, 2006, to
the chairs of the committees having jurisdiction over state
finance and local government issues in the Minnesota senate and
house of representatives.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day
following final enactment.
new text end

Sec. 2. new text beginREPEALER.
new text end

new text begin Section 1 is repealed June 1, 2006.
new text end