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