NOTICE OF PUBLIC HEARING ON THE INTENT OF CARSON CITY, NEVADA, TO ISSUE GENERAL OBLIGATION (LIMITED TAX)
INFRASTRUCTURE SALES TAX 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 1, 2022, and designated in Section 1 thereof by the short title “2022 Resolution of Intent to Issue Infrastructure Sales Tax
Bonds” has proposed the issuance of the City’s general obligation (limited tax) infrastructure sales tax bonds (additionally secured by pledged revenues)
(the “Bonds”) designated below, as follows:
GENERAL OBLIGATION INFRASTRUCTURE SALES TAX 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 infrastructure sales tax bonds, in one
series or more, in the aggregate principal amount of not exceeding $5,550,000 for the purpose of acquiring, establishing, constructing, expanding,
improving and equipping certain infrastructure projects set forth in NRS 377B.160(3), such bonds to mature not later than fifteen (15) 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 infrastructure projects set forth in Nevada Revised Statutes
(“NRS”) 377B.160(3) (as further described in the above Proposal) will be additionally secured by a pledge of the revenues received by the City from
the one-eighth of 1 percent (0.125%) of the gross receipts of any retailer from the sale of all tangible personal property sold at retail, or stored, used
or otherwise consumed, in the City pursuant to NRS Chapter 377B and as set forth in Chapter 21.08 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 3, 2022
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 1, 2022.
Aubrey Rowlatt, Clerk-Recorder
By: C. Eggert, Chief Deputy (seal)
Pub Date: October 5, 12, 19, 2022 Ad # 28062