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 designat-
ed 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) PROPOS-
AL: Shall the Board of Supervisors of Carson City, Nevada, be
authorized to incur a general obligation indebtedness (addition-
ally 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 equip-
ping 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 dis-
count) 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 neces-
sarily 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 Manage-
ment 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 Neva-
da 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 De-
cember 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 inter-
ested 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
Pub: November 3, 2021. Ad # 18495
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment