University Medical Center of Southern Nevada
Board of Hospital Trustees
AGENDA ITEM
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Petitioner: |
Mason Van Houweling, Chief Executive Officer |
Recommendation:
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Approve, adopt and authorize the Chair to sign a Resolution requesting the Board of County Commissioners of Clark County, Nevada to issue General Obligation (Limited Tax) Hospital Improvement Bonds (Additionally Secured by Gross Hospital Pledged Revenues), in the maximum aggregate principal amount of $45,770,000; providing certain details in connection therewith; and providing the effective date hereof. (Sitting as the University Medical Center of Southern Nevada Board of Hospital Trustees) (For possible action)
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FISCAL IMPACT:
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Additional Comments: |
The general obligation (limited tax) hospital improvement bonds (the Series 2027 Bonds) will be additionally secured by gross pledged revenues of the University Medical Center of Southern Nevada. |
BACKGROUND:
The new money 2026 Hospital Improvement Bonds Request Resolution formally requests the County to issue bonds on behalf and in the name of the County for the benefit of the University Medical Center of Southern Nevada (the “Hospital”). The proceeds of the proposed bonds will provide the Hospital, in the maximum principal amount of $45,770,000, with proceeds for projects related to the enlargement, repair, reconstruction and improvement of the Hospital. The 2026 Hospital Improvement Bonds Request Resolution is required pursuant to Nevada Revised Statutes 450.280 before the County issues bonds for this purpose.