Bill Text: CT HB05184 | 2016 | General Assembly | Comm Sub
Bill Title: An Act Concerning The Capital Region Development Authority And The Boundaries Of The Capital City Economic Development District.
Spectrum: Committee Bill
Status: (Engrossed - Dead) 2016-04-30 - Senate Calendar Number 584 [HB05184 Detail]
Download: Connecticut-2016-HB05184-Comm_Sub.html
General Assembly |
Substitute Bill No. 5184 | |
February Session, 2016 |
*_____HB05184PD____030716____* |
AN ACT CONCERNING THE CAPITAL REGION DEVELOPMENT AUTHORITY AND THE BOUNDARIES OF THE CAPITAL CITY ECONOMIC DEVELOPMENT DISTRICT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subdivision (7) of section 32-600 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2016):
(7) "Capital city economic development district" means the [area] areas bounded and described as follows: [The] (A) Within the city of Hartford, the northerly side of Masseek Street from the intersection of Van Dyke Avenue proceeding westerly to the intersection of Van Block Avenue, proceeding northerly along Van Block to the intersection of Nepaquash Street, proceeding easterly to the intersection of Huyshope Avenue, proceeding northerly along Huyshope Avenue to the intersection of Charter Oak Avenue, proceeding westerly along Charter Oak Avenue to Wyllys Street, proceeding along Wyllys Street to Popieluszko Court, north on Popieluszko Court to Charter Oak Avenue proceeding westerly to Main Street, proceeding south along Main Street to Park Street, thence west along Park Street to the intersection of Laurel Street, proceeding north on Laurel Street to the intersection of Capitol Avenue, proceeding west on Capitol Avenue to the intersection of Forest Street, proceeding north on Forest Street to the intersection of Farmington Avenue, proceeding east on Farmington Avenue to the intersection of Asylum Avenue, proceeding east on Asylum Avenue, thence northwesterly along the Exit 48 on ramp to Interstate 84 northward to the railroad, now proceeding northeasterly along the railroad to its intersection with the southerly railroad spur, thence proceeding southeasterly along the railroad R.O.W. to the Bulkeley Bridge. Thence easterly to the city line. Proceeding south along city boundary to the point perpendicular with Masseek Street. Thence westerly to the point of beginning, and (B) within the town of East Hartford, the northerly side of Burnside Avenue from the intersection of Hillside Street, proceeding west to the intersection of Main Street, proceeding north along Main Street to the intersection of John Street, proceeding west on John Street to the intersection of Howard Street, proceeding south on Howard Street to the intersection of Orchard Street, proceeding west on Orchard Street to the intersection of Prospect Street, proceeding south on Prospect Street to the intersection of Governor Street, proceeding west on Governor Street to the intersection of Thomas Street, proceeding north on Thomas Street to the intersection of the first set of railroad tracks, continuing west on the railroad tracks to the westerly boundary line of the town of East Hartford, thence continuing south on such boundary line to the intersection of the southern property boundary of the property formerly known as the Wilgoos lab site, thence proceeding east to the intersection of High Street, proceeding north on High Street to the intersection of West Brewer Street, proceeding east on West Brewer Street to the intersection of Main Street, proceeding east on Brewer Street to the intersection of Forbes Street, proceeding north on Forbes Street to the intersection of Chester Street and Roberts Street, proceeding west on Roberts Street to the intersection of Hillside Street and Simmons Road, thence proceeding northerly on Hillside Street to the point of beginning.
Sec. 2. Subsection (d) of section 32-602 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2016):
(d) In addition to the powers enumerated in subsections (b) and (c) of this section, with respect to capital city projects the authority shall have the following powers: (1) To acquire, by gift, purchase, condemnation, lease or transfer, lands or rights-in-land and to sell and lease or sublease, as lessor or lessee or sublessor or sublessee, any portion of its real property rights, including air space above and enter into related common area maintenance, easement, access, support and similar agreements, and own and operate facilities, provided such activity is consistent with all applicable federal tax covenants of the authority, transfer or dispose of any property or interest therein acquired by it, at any time and to receive and accept aid or contributions, from any source, of money, labor, property or other thing of value, to be held, used and applied to carry out the purposes of this section, subject to the conditions upon which such grants and contributions are made, including, but not limited to, gifts or grants from any department, agency or instrumentality of the United States or this state for any purpose consistent with this section; (2) in consultation with the chief elected official of the town and city of Hartford or the chief elected official of the town of East Hartford, as applicable, to condemn properties which may be necessary or desirable to effectuate the purposes of the authority to be exercised in accordance with the provisions of part I of chapter 835; (3) to formulate plans for, acquire, finance and develop, lease, purchase, construct, reconstruct, repair, improve, expand, extend, operate, maintain and market facilities, provided such activities are consistent with all applicable federal tax covenants of the authority; (4) to contract and be contracted with provided, if management, operating or promotional contracts or agreements or other contracts or agreements are entered into with nongovernmental parties with respect to property financed with the proceeds of obligations the interest on which is excluded from gross income for federal income taxation, the board of directors shall ensure that such contracts or agreements are in compliance with the covenants of the authority upon which such tax exclusion is conditioned; (5) to fix and revise, from time to time, and to charge and collect fees, rents and other charges for the use, occupancy or operation of such projects, and to establish and revise from time to time, procedures concerning the use, operation and occupancy of such facilities, including parking rates, rules and procedures, provided such arrangements are consistent with all applicable federal tax covenants of the authority, and to utilize net revenues received by the authority from the operation of such facilities, after allowance for operating expenses and other charges related to the ownership, operation or financing thereof, for other proper purposes of the authority, including, but not limited to, funding of operating deficiencies or operating or capital replacement reserves for either such facilities and related parking facilities as determined to be appropriate by the authority; (6) to engage architects, engineers, attorneys, accountants, consultants and such other independent professionals as may be necessary or desirable to carry out its purposes; (7) to contract for construction, development, concessions and the procurement of goods and services and to establish and modify procurement procedures, from time to time, to implement the foregoing in accordance with the provisions of section 32-603; (8) to borrow money and to issue bonds, notes and other obligations of the authority to the extent permitted under section 32-607, to fund and refund the same and to provide for the rights of the holders thereof and to secure the same by pledge of assets, revenues, notes and state contract assistance, as provided in section 32-608; (9) to do anything necessary and desirable, including executing reimbursement agreements or similar agreements in connection with credit facilities, including, but not limited to, letters of credit or policies of bond insurance, remarketing agreements and agreements for the purpose of moderating interest rate fluctuations, to render any bonds to be issued pursuant to section 32-607 more marketable; and (10) to engage in and contract for marketing and promotional activities to attract national, regional and local conventions, sporting events, trade shows, exhibitions, banquets and other events to maximize the use of exhibition, sporting and entertainment facilities under the operation or jurisdiction of the authority.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2016 |
32-600(7) |
Sec. 2 |
October 1, 2016 |
32-602(d) |
Statement of Legislative Commissioners:
The title was changed for accuracy.
PD |
Joint Favorable Subst. -LCO |