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The Ortonville Independent
Ortonville, Minnesota
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April 2, 2002     The Ortonville Independent
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April 2, 2002
 

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backs Ventura-inspired twins bill keep, taxpaFers ff! &lt;>it the team Peterm oted hr bll] plan tor a nc ballpark Mmda. keep, Xhnne,,{a h>k for the c,,,t ff pr,,,. dmg a,,surance sta,. in the ,tale. ba,,ed iargely on pr> G,', Ventura. ansv.er.,, had to pre iou.- -,tadi- tls.'" Peterson. of rural "The T,. m, are putting mone. The taxpayers in the event of a team There are no hikes, and the local tax t a referendum in host the stadium. This gel the ,.tadium built. in Minnes{,ta. and still purse "" a mechanism for jor league baseball .'s a spm,, facilitie,, a ,,lie selection selection cnteria, pro- .$330 million in rev- a gift from the and outline,, the prqect using stadi- and Ical option to ,xhat the state industry in Rural said. "'The state investment and industrv. In this acting as a banker to that gives us a Iol of tangible and intangible ecmmtc ben- efit,,.'" Ke. pro',ll,ns oi the bill include: " STATE OBLIGXFIONS: "lhe ,,late ,uld issue S330 million in revenue Nmd, t make a loan tu the hast cw.. The .Metr{pfl2:an Sp,rt, Facilities (',,)mm,,im. v. }-tich ,perates the .'kletr-d,me. v. ill ccmtnbute$15 mil- h{m fn,m their re,,erxe,. The onl,, ,tate sub.qd', ,aould be the ,ales tax exemption t:,r c{m,,truction maleriats S9 mithon '.er three .',earsi Similar sales tax exempuons ha,.e been grant- ed to numerous pwjects, including man) ethan,l and agricultural pro- cessmg planl,, * HOST CITY OBLIGA'I'IONS: The ho,,t tit,. v, ould ov.n the park. If the team defaults ,n it,, obligation, the c,ty ma be reqmred by the C,mmiss[oner ol Finance to exercise its financing auth{rit). The cny may recover from the team or its owners any payments made b the ciD,. The host city is given several options to pay off {he state loan These include a I0 ticket/admissmn tax. a flx)d and beverage tax of up to 5. a liquor tax of up to 5%. a lodging lax of up to 5c and a $2 parking surcharge. Major League Baseball would execute an agreement that guarantees a team for a 30-year lease or the term of the bonds. Imposition of any of these city taxes v, ould require approval in a referen- dum by the voters of the host city, v, hich w'ould be held on June 4.2(Xf . Once the bonds are retired, the taxes expire. * TEAM OBLIGATIONS: The maxmmm price A a roof-read.,, stadi- urn v.uld be S330 million, v, ith the team ,r other pri:ate financing paying h,r at least half the costs S165 mil- tn The team and pmate sources must contribute S165 million upiront. and the interest trom that investment ',ilI be used to pay part of the debt ser,,ce on the rexenue Nmds. In add> uon. the team and/or tit,, v.ould be required to contribute an additional $10 milhon per ',ear. The investment earnings and the Sl(/million per year payment would pay the yearly debt service on the revenue bonds. If the earnings in the fund fell short, the -Iins would be required to make up the difference. The team would be reslmsible for all cost overruns and have responsibility to design and con- struct the park The team shall provide a letter ot credit to protect the public interest in the event of default. " SITE SELECTION: The Legislaue Commission on Planning and Fiscal Policy. which consists of lg legislative leaders, will receive bids from cities interested in hosting the ballpark. They will make a recom- mendation by July, 1 to the State Executive Council Governor, LI. Governor, Secretary' of State, Auditor and Attorney General), which will select the host city. * COMMUNITY OWNERSHIP: If there is a sale or transfer of owner- ship, the oner of the team shall pay to the state an amount equal to the state's share of the appreciated value of the team. f ELEANOR FREDLUND, daughter of Wilfred and Pat Fredlund of Dawson was crowned the Lac " Parle Dairy Princess at tc u' DHIA meeting in Odessa on Thursday, March 14. She will o to State training in Willmar ,n May when the 12 finalists are picked for Princess Kay of the Milky Way. w Check out our web site at " ww.ortonviileindeper/dent.comJ Milbank Valley Archers League ...... i ............................................ ,, ............. 17 ..........................  ............ Valley Archers 300 League March 8, 2(g)2 Results RonnAcDaniel Fischer Repai" r t 300 Scott Meyer Valley Liquor 300 52 Ron Flottmeyer Grant County Equipment 299 49 Scott DaMe Larry's Refrigeration 298 43 Kent Pr-zybycien Hanson Tomess Furniture 296 36 LeRoy Capp Big Stone Power Plant 296 32 Gene Sass Hardware Hank 295 39 Mike Harlman Harcl's 294 37 Bob Zahnow Food N Fuel 292 33 Denny Amberg Zem's Appliance 292 31 Arnie Veen Twin Valley tire 291 35 Bill Boerger Last of the Fast Guns 290 26 Joe Sable Berens Groceries 288 20 Pam Amberg DA Archery 286 19 Bryan Lambrechts Bill's Super Value 280 20 Bill Welder Ronn McDaniel Opt 270 11 Mark Veen Dakota Granite 269 9 Jolene Cloos D & L Photo 264 16 Kate Capp Curl's Sports 263 10 Sue Welder Chiropractic in Motion 255 8 Shawna Przybycien Brewster Building Center 244 5 Cheryl Meyer Back Door Pub 242 7 Perfect :more is 300 with 60 X's Winners of the 4-H sponsorship awards for the week are: Colt Peiker Hardees Tasha Ruhr Mill Theatre Laramie Peiker ThunderAIley The Valley Archers would like to thank the Grant County Review, Ortonville Independent, and KMSD/KPHR for publishing and airing these results. Jim Cloos 432-4685 t's entertainment Friday, April 5 301 Draw Dart Tournament 7:00 PM Start Time Sign Up at 6:45 PM $5 per person - 100% Payback First Place 301 DART TOURNEY Draw Doubles Saturda00 April 6 3:00 PM LIGHT *1.25 I WINDSOR DRINKS Sl.25 " OFF-SALE SPECIALS lpdl 1"6, 2002 Busch Light s Gin 58 s6.50 OFF.SALE OPEN "TIL MIDNIGHT April 16- 7:00 AM First Saturday of each Month COMMUNITY BAPTIST CHURCH St. Ortonville, MN 56278 320-839-3440 r i TUES., APRIL 2, 2002 I 'BBQ Ribs $1arin 9 Salad ' 111t Dirtier R.. Pdco MNeHEON 2rid Dinner for $, .00 WITH COUPON ONLY l .Not r oOooble wlrn gift , cem.core or any other coupon. Wednesday, Rpri126, 2002 11:30 AM to I:D0 PM FIRST UNITED METHODIST CHURCH Orfonville, MN ADVANCED TICKET SALES ONLY Contact Anna Rothi 839-2408 or Joyce Scherer at 839-2719 USIII r 1 WED.. APRIL 3. 2002 6 OZ. Broiled Lobster : $12.95' WITH COUPON ONLY April 6, 2002 Clara City Jr. & Sir. High Clara City, MN HOURS: 9 a.m.-4 p.m. "1 THURS., APRIL 4, 2002 Steak Cubes 1st Dinner Reg: Pdce 2r Dinner or $1.00 WITH COUPON ONLY Not todeemol0e with gift cedlflcate or any other coupon I. ....... -,4 FIESTA ROOM 2, 2002 < INDEPENDENT Page 9