Chapter 4.95 — FUNDING OF SPORTS FACILITY CONSTRUCTION

The City of San José may participate in the building of a sports facility using tax dollars only after obtaining a majority vote of the voters of the City of San José approving such expenditure.

A "sports facility" for the purpose of this chapter is to be any structure designed to seat more than five thousand people at any one time for the purpose of viewing a sporting or recreational event.

"Tax dollars" for the purposes of this chapter include, without limitation, any commitment to fund wholly or in part said facility with general fund monies, redevelopment fund monies, bonds, loans, special

assessments or any other indebtedness guaranteed by city property, taxing authority or revenues.

Nothing herein shall be construed to limit the city from allowing the construction of a sports facility funded by private investment.

If any provision of this chapter or the application thereof to any person or circumstance is held invalid, then the remainder of this chapter and application to other persons or circumstances shall not be affected thereby.

(Ord. 22754.)

Section 4.95.010 was adopted as an initiative ordinance pursuant to city Charter Section 1603 and may be repealed or amended only by a vote of the people of the City of San José.

(Ord. 22754.)