NOTICE OF PUBLIC HEARING ON THE INTENT OF CARSON
CITY, NEVADA, TO ISSUE GENERAL OBLIGATION (LIMITED
TAX) WATER 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 Water Bonds” has proposed the issuance of the City’s general
obligation (limited tax) water bonds (additionally secured by pledged
revenues) (the “Bonds”) designated below, as follows:
GENERAL OBLIGATION WATER 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 water bonds,
in one series or more, in the aggregate principal amount of not
exceeding $7,000,000 for the purpose of acquiring, constructing,
improving and equipping City water projects as defined in NRS
244A.056, such bonds to mature not later than twenty (20) 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 water projects for the City (as further described
in the above Proposal) will be additionally secured by a pledge of the
“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#18714
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