§ 32-14-125 — Management agreement - operation of stadium

Colorado § 32-14-125

• Jurisdiction: Colorado
• Title 32: Special
• Art.: Denver Metropolitan Major League

Text

Upon the
approval of the registered electors pursuant to the provisions of section 32-14-105
and upon the granting of a major league baseball franchise by major league
baseball to be located within the district, the board shall negotiate and enter into
one or more management agreements for the management and operation of the
stadium with independent contractors upon such terms and conditions which the
board deems reasonable and necessary. Such agreements shall be legally binding
contracts between the district and professional management organizations which
shall contain appropriate and reasonable provisions with respect to termination,
default, and legal remedies. For purposes of this section, professional
management organization means a person, firm, or corporation having experience,
expertise, and specialization in the management and operation of sports,
entertainment, or convention facilities, or in a particular area therein.

Legislative History

Source: L. 89: Entire article added, p. 1338, � 1, effective June 2. L. 90: Entire section amended, p. 1524, � 15, effective April 16.