C.R.S. Section 32-14-107
Board of directors

  • powers and duties

(1)

In addition to any other powers specifically granted to the board in this article, the board shall have the following powers and duties:

(a)

To fix the time and place at which its regular and special meetings shall be held within the geographical boundaries of the district;

(b)

To adopt and from time to time amend or repeal rules of procedure and bylaws not in conflict with the constitution and laws of the state;

(c)

To hire such permanent and temporary staff as may be necessary to assist the board in its duties;

(d)

To promote the acquisition of a major league baseball franchise and the construction of a stadium within the district;

(e)

To sue and be sued;

(f)

To decide at which general, primary, or special election the question specified in section 32-14-105 (1) shall be submitted to the registered electors within the geographical boundaries of the district;

(g)

To contract for the construction, equipment, preservation, operation, and maintenance of a stadium and all necessary works incidental thereto;

(h)

To enter into such contracts as may be authorized in this article including, but not limited to, contracts for the lease and sale of a stadium;

(i)

To enter into and execute all contracts, leases, intergovernmental agreements, and other instruments in writing necessary or proper to the accomplishment of the purposes of this article, including, but not limited to, intergovernmental agreements concerning revenue sharing;

(j)

To conduct such investigations and studies as may be necessary in order to evaluate sites within the district which are suitable for the construction of a stadium including, without limitation, a study of major league baseball stadiums in other cities. In connection with such evaluation process, the board shall consult with representatives of any city, town, city and county, or county included, in whole or in part, in the district, the chambers of commerce located within the district, the Denver baseball commission, and any other individuals, groups of individuals, or entities which may provide any relevant expertise concerning the evaluation of stadium sites. In addition, the board shall consult with the urban land institute pursuant to the provisions of section 32-14-112 concerning the evaluation of stadium sites.

(k)

To establish criteria for a stadium site and a stadium;

(l)

Upon the approval of the registered electors pursuant to the provisions of section 32-14-105, to select a single site within the district for the location of a stadium after consideration of any recommendations made by the urban land institute pursuant to the provisions of section 32-14-112 concerning such selection;

(m)

To acquire on behalf of the district the selected stadium site and such other lands and interests in real and personal property as may be necessary, by gift, contract, or other means. The board may acquire on behalf of the district such lands and interests in real and personal property as may be necessary for parking facilities, stadium facilities, and stadium site access by gift, contract, or other means or through the exercise of the power of eminent domain, pursuant to the applicable provisions of articles 1 to 7 of title 38, C.R.S.; except that the board shall not be authorized to commence an action on behalf of the district to exercise the power of eminent domain after April 30, 1995, and that the board may only exercise the power of eminent domain with respect to real property which is located within the lesser of one thousand feet of the nearest boundary of real property which, as of January 31, 1993, was owned by or under contract to be acquired by the district or to the center line of Blake street or to the center line of 19th street. Any lands and interest in real and personal property acquired by the board through the exercise of the power of eminent domain shall not be sold, leased, rented, or given away except in connection with the sale or lease of the entire stadium; except that this restriction shall not apply to any agreement with the major league baseball franchise which is located in the district.

(n)

To maintain an office at such place as it may designate within the geographical boundaries of the district;

(o)

To exercise all powers necessary and requisite for the accomplishment of the purposes for which the district is organized and capable of being delegated by the general assembly; and no enumeration of particular powers granted shall be construed to impair any general grant of power contained in this article or to limit any such grant to powers of the same class as those so enumerated;

(p)

To arrange with the city, town, city and county, or county in which the selected stadium site is located to plan, replan, zone, or rezone any part of the selected stadium site, in connection with the acquisition, construction, maintenance, and operation of the stadium proposed or being undertaken by the district pursuant to the provisions of this article;

(q)

To borrow money, contract to borrow money for the purpose of issuing special obligation bonds, and issue obligations for any of its corporate purposes and to fund such obligations and to refund such obligations as provided in this article;

(r)

To engage the services of private consultants and legal counsel to render professional and technical assistance and advice in carrying out the purposes of this article;

(s)

To procure insurance against any loss in connection with its property and other assets and liability for personal injury to or damage to property of others in such amounts and from such insurers as are necessary and reasonable for governmental entities owning similar facilities in the district;

(t)

To procure insurance or guarantees from any public or private entity, including but not limited to the state, any city, town, city and county, or county, or any department, agency, or instrumentality of the United States of America, for payment of any obligations issued by the district, including the power to pay premiums on any such insurance;

(u)

To receive and accept from any source aid or contributions of money, property, labor, or other things of value to be held, used, and applied to carry out the purposes of this article subject to the conditions upon which the grants or contributions are made, including, but not limited to, gifts or grants from the state, any city, town, city and county, or county, and any department, agency, or instrumentality of the United States of America for any purpose consistent with the provisions of this article;
(v)
To acquire, dispose of, and encumber real and personal property including, without limitation, rights and interests in property, leases, and easements necessary to the functions or the operation of the district;

(w)

To fix and from time to time to increase or decrease fees, rentals, rates, tolls, penalties, or other charges for services, programs, or facilities furnished by the district in connection with the operation of the stadium, and the board may pledge such revenues or any portion thereof for the payment of any indebtedness of the district as provided in this article;
(x)
To levy and collect a sales tax pursuant to the provisions of this article, and the board may pledge such sales tax revenues or any portion thereof for the payment of any indebtedness of the district;

(y)

To invest moneys received by the district pursuant to the provisions of this article in accordance with the provisions of part 6 of article 75 of title 24, C.R.S.;

(z)

To administer and use moneys received by the district in accordance with the provisions of this article;

(aa)

To develop reporting and review requirements governing the receipt and expenditures of any moneys received by the district pursuant to this article;

(bb)

To deposit any moneys of the district in any banking institution or savings and loan association within the state as authorized in section 24-75-603, C.R.S., and to appoint, for purposes of making such deposits, one or more persons to act as custodians of the moneys of the district, who may be required to give surety bonds in such amounts and form and for such purposes as the board may require.

Source: Section 32-14-107 — Board of directors - powers and duties, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-32.­pdf (accessed Oct. 20, 2023).

32‑14‑101
Short title 32‑14‑102
Legislative declaration 32‑14‑103
Definitions 32‑14‑104
Creation of district - area of district 32‑14‑105
Authorizing election 32‑14‑106
Board of directors - membership - qualifications 32‑14‑107
Board of directors - powers and duties 32‑14‑108
Conflicts of interest prohibited 32‑14‑109
Records of board - audits - legislative oversight - powers and duties of state auditor 32‑14‑110
Privatization - study and consideration 32‑14‑111
Criteria - stadium site - stadium 32‑14‑112
Consultation with urban land institute - Colorado baseball commission - consideration of recommendations 32‑14‑113
Costs - acquisition of stadium site - construction of stadium - use of public moneys - target percentage 32‑14‑114
Sales tax imposed - collection - administration of tax - discontinuance 32‑14‑115
Sales tax revenues - use 32‑14‑116
Operating revenues - use 32‑14‑117
Issuance of special obligation bonds 32‑14‑118
Pledge of sales tax revenues and net operating revenues 32‑14‑119
Payment, recital, and securities 32‑14‑120
Incontestable recital in securities 32‑14‑121
Limitation upon payment 32‑14‑122
Negotiability 32‑14‑123
Sale of special obligation bonds 32‑14‑124
Contracts 32‑14‑125
Management agreement - operation of stadium 32‑14‑126
Lease of stadium - major league baseball franchise 32‑14‑126.5
Revenue sharing 32‑14‑128
Limitations upon liabilities 32‑14‑129
Sale of real and personal property of district 32‑14‑130
Limitations upon promotional activities 32‑14‑131
Colorado baseball commission - creation - membership 32‑14‑132
Commission - powers and duties 32‑14‑133
Repeal of article
Green check means up to date. Up to date

Current through Fall 2024

§ 32-14-107’s source at colorado​.gov