Upon completion of the construction of a stadium pursuant to the provisions of this article, the board shall make a good faith effort to sell the real and personal property of the district, including the stadium, to any qualified buyer. The board shall establish criteria to determine qualified buyers. The board shall not accept any offer from any qualified buyer for such real and personal property of the district for an amount less than the total amount of outstanding obligations of the district or the amount of sales tax revenues used by the board to acquire a site for a stadium and to construct a stadium, whichever is greater.
Source: L. 89: Entire article added, p. 1339, § 1, effective June 2.
Structure Colorado Code
Article 14 - Denver Metropolitan Major League Baseball Stadium District
§ 32-14-102. Legislative Declaration
§ 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
§ 32-14-114. 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
§ 32-14-123. Sale of Special Obligation Bonds
§ 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