Carson City legal - 36954

NOTICE OF PUBLIC HEARING ON THE INTENT OF CARSON CITY, NEVADA, TO ISSUE

GENERAL OBLIGATION (LIMITED TAX) PARK 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 September 7, 2023, and

designated in Section 1 thereof by the short title “2023 Resolution of Intent to Issue Park Bonds”

has proposed the issuance of the City’s general obligation (limited tax) park bonds (additionally

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

GENERAL OBLIGATION PARK 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 park bonds, in one series or more,

in the aggregate principal amount of not exceeding $5,000,000 for the purpose of acquiring,

reconstructing, constructing, improving, extending, and bettering recreational facilities as set forth

in NRS 244A.597, including, but not limited to, improvements at the John Winters Centennial Park

Complex, 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 certain

recreational facilities as set forth in Nevada Revised Statutes (“NRS”) 244A.597, including, but not

limited to, improvements at the John D Winters Centennial Park Complex (as further described

in the above Proposal) will be additionally secured by a pledge of the revenues received by the

Carson City Culture and Tourism Authority from 5 and 13/16% of the 7% City-wide tax on gross

receipts from the rental of transient lodging imposed pursuant to Section 4.08.080(1) of the Carson

City Municipal Code (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 November 2, 2023, 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 September 7, 2023

William Scott Hoen, Clerk-Recorder

By: H. Mills, Chief Deputy (seal)

Pub Date: October 4, 11, 18, 2023 Ad # 36954