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