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` N Val; somwoomap, Wednesday B APRIL 1,.1998 SECTION StarTribune * 'Truth in The 1998 slature New f I a p ns housing' Inside • keep nearin p Chanvote,natight, arena in arse g partisan vote,the House approves a bill approval that calls for a referen- dum to ask voters Senators hint at wiggle room for hochej whether they want to create an endowment By Robert Whereatt and Curt Brown hockey team owners as the one they negotiated City would require for children. Star Tribune Staff Writers the city of St. Paul," said Sen. Keith Langseth, > Gift ban:A proposal Glyndon,co-chairman of the House-Senate confer repairs before sale to allow lobbyists to The furor over financing a new St.Paul hockey arena committee considering capital-improvement spend as much as$5 caromed in three directions Tuesday. "Our first duty, though, is the safeguarding o By Kevin Diaz on food and gifts for A group of state senators showed the first signs that public purse,not assuring a large profit margin fc Star Tribune Staff Writer legislators is stripped they would be willing to commit state money to the hockey team." from a spending bill by project;frustrated St.Paul City Council members tried But team officials said they had no intere Sprucing up a house for sale in House-Senate to flex some political muscle;and an alternative plan changing their lease with the city by making$6 m? Minneapolis would become more negotiators. aimed at placating legislators opposed to funding pro in annual concessions.Jac Sperling, the Wild's than just a matter of good mar- �i . sports facilities quietly picked up steam. Said team owners already are expecting a mir. keting under a new "truth in ,..t Turn to The senators,until now unwilling to help pay for the return on their$115 million investment and"sub. housing" code being drafted by " = the LEGIS- $130 million arena for the Minnesota Wild,offered a tial variations in our agreement with the city wou city officials. b_42714_-4: LAUVE $65 million loan—revenue bonds sold by the state— problematic because there is not enough monr If the City Council goes along, -?; REPORT that would be repaid with revenues from arena naming finance the$65 million(loan)out of team revenues. houses in the city sold after July 1 �iil;�`,It on B3. rights, rent and club seats. That money currently is will require not only an inspection earmarked for the National Hockey League expansion Turn to ARENA on B3 for. —which is already mandated by team, —Carlson,Coleman seek creation of cash reserve law—but items that are deemed to "I realize that this proposal is not as lucrative for the =Council to discuss demolition delay. be a threat to health and safety will have to be repaired or replaced. That's a switch from the city's current "buyer beware" polity, which calls for evaluations merely for the sake of disclosure to buyers. - /�mTran Once repairs are ordered,sell- .;/'.• " *p- ers of single-family houses and B3 duplexes would be obligated to take care of them—even if their houses don't sell. z The proposed"Truth in the Sale ' y4 of Housing" ordinance is being advanced as a way to further pro- tect consumers and improve the # a '• city's aging housing stock But it is - - also viewed with some apprehen- sion among real estate profession- als with a distaste for additional regulation.Some say the new pro- * �-- gram might slow or dampen sales :-°'•` �• , in a housing market that's cur- rentiy thriving, though certainly r- a r +may s not as hot as in some suburbs. Turn to HOMES on B7 for. —What kind of repairs would be required by the ordinance. R .