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Legislation Details
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On agenda:
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6/16/2026
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Final action:
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Title:
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Approve, adopt and authorize the Chair to sign a Resolution of Intent, proposing the issuance of, and authorizing the publication of notices relating to general obligation (limited tax) transportation improvement bonds (additionally secured by pledged revenues), in the maximum principal amount of $101,190,000 for the purpose of financing transportation projects (Beltway); authorizing the Chief Financial Officer or, in such officer's absence, the County Manager to arrange for the sale of the bonds; providing other matters properly related thereto; and providing the effective date. (For possible action)
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CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Anna Danchik, Comptroller |
Recommendation:
title
Approve, adopt and authorize the Chair to sign a Resolution of Intent, proposing the issuance of, and authorizing the publication of notices relating to general obligation (limited tax) transportation improvement bonds (additionally secured by pledged revenues), in the maximum principal amount of $101,190,000 for the purpose of financing transportation projects (Beltway); authorizing the Chief Financial Officer or, in such officer’s absence, the County Manager to arrange for the sale of the bonds; providing other matters properly related thereto; and providing the effective date. (For possible action)
body
FISCAL IMPACT:
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Fund #: |
N/A |
Fund Name: |
N/A |
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Fund Center: |
N/A |
Funded PGM/Grant: |
N/A |
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Amount: |
N/A |
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Description: |
N/A |
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Additional Comments: |
The general obligation (limited tax) transportation improvement bonds (the “Series 2026A Bonds”) will be additionally secured with Master Transportation Plan revenues derived from a 1% supplemental governmental services tax (the “Supplemental GST”), a development privilege tax (the “Development Tax”), and a 1% non-resort corridor room tax imposed on the gross receipts from the rental of transient lodging (hotel/motel rooms) in the unincorporated area of the County outside of the boundaries of the Las Vegas Strip Resort Corridor, the Laughlin Resort Corridor, and any other transportation districts created by the County or a city (the “Non-Resort Corridor Room Tax”); collectively, the (“Beltway Pledged Revenues”). |
BACKGROUND:
At the June 2, 2026 meeting of the Board of County Commissioners, the Board authorized the County to request the Debt Management Commission to approve the County’s proposal to issue general obligations for the Master Transportation Plan Beltway improvement projects. On June 4, 2026, the Debt Management Commission met and approved the proposal. The next step in the process requires the Board to authorize the Clerk to publish a Notice of Adoption of Resolution of Intent and Notice of Public Hearing. The Notice of Resolution of Intent is to notify the public of the proposed issuance without an election. Registered voters will then have 90 days to file a petition requesting an election if they object to the proposal. The Notice of Public Hearing provides the public with notice regarding the time and place of the public hearing at which interested persons may be heard. The Public Hearing is scheduled for July 21, 2026. Both notices will be published in a newspaper of general circulation on June 19, 2026, and the Notice of Public Hearing will be published a second time on June 26, 2026, and a third time on July 3, 2026. This action requires at least five affirmative votes for approval.
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