Carson City legal - 18715

NOTICE OF PUBLIC HEARING ON THE INTENT OF

CARSON CITY, NEVADA, TO ISSUE GENERAL OBLIGATION

(LIMITED TAX) CAPITAL IMPROVEMENT BONDS

(ADDITIONALLY SECURED BY PLEDGED REVENUES).

NOTICE IS HEREBY GIVEN that the Board of Supervisors (the “Board”)

of Carson City (the “City”), Nevada, by a resolution, passed, adopted,

signed, and approved on October 21, 2021, and designated in Section

1 thereof by the short title “2021 Resolution of Intent to Issue Capital

Improvement Bonds” has proposed the issuance of the City’s general

obligation (limited tax) capital improvement bonds (additionally secured by

pledged revenues) (the “Bonds”) designated below, as follows:

GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS

(ADDITIONALLY SECURED BY PLEDGED REVENUES) PROPOSAL:

Shall the Board of Supervisors of Carson City, Nevada, be authorized

to incur a general obligation indebtedness (additionally secured

by pledged revenues) on behalf of the City by the issuance at one

time, or from time to time, of the City’s general obligation capital

improvement bonds, in one series or more, in the aggregate

principal amount of not exceeding $8,100,000 for the purpose of

acquiring, constructing, improving and equipping building projects

as defined in NRS 244A.019, such bonds to mature not later than

twenty-one (21) years from the date or respective dates of the

bonds, payable from general (ad valorem) taxes (except to the extent

pledged revenues and other monies are available therefor), and to be

issued and sold at, above, or below par at an effective interest rate

(including any sale discount) not exceeding the statutory maximum

rate, if any, as shall be determined at the time of the sale thereof,

and otherwise to be issued in such manner, upon such terms and

conditions, with such covenants and agreements, and with such

other detail as the Board may determine, including at its option but

not necessarily limited to provisions for the redemption of bonds

prior to maturity without or with the payment of a premium?

(the “Proposal”); and

The above Proposal was previously approved by the Debt Management

Commission of Carson City, Nevada.

The Board has determined that the Bonds to be issued for the purpose of

financing building projects for the City (as further described in the above

Proposal) will be additionally secured by a pledge of the Nevada Revised

Statutes 360.698 “pledged revenues.” The Board has, in addition,

determined, based upon a revenue study, that the pledged revenues will

at least equal the amount required in each year for the payment of the

interest on and the principal of the Bonds.

All persons interested are hereby advised that the Board will hold a public

hearing on the Proposal at a regular meeting to be held on December 2,

2021 at the hour of 8:30 a.m. at the Community Center, 851 East William,

Carson City, Nevada. All persons are invited to attend and to be heard

regarding the Proposal. Further information regarding the Proposal, the

Project to be financed by the Bonds, the Bonds, and the revenues to

be pledged to the Bonds, and all proceedings, are on file in the office of

the Clerk-Recorder, 885 East Musser Street, Suite 1028, Carson City,

Nevada, and can be seen and examined by interested persons during the

regular office hours of the Clerk-Recorder.

BY ORDER of the Board of Supervisors, Carson City, Nevada, dated

October 21, 2021.

Aubrey Rowlatt, Carson City Clerk

C. Eggert, Chief Deputy (seal)

Pub: November 3, 10, 17, 2021 Ad#18715