File #: 25-2628   
Status: Agenda Ready
File created: 7/2/2025 In control: Clark County Board of Commissioners
On agenda: 7/15/2025 Final action:
Title: Conduct a public hearing and approve, adopt and authorize the Chair to sign a resolution approving the issuance by the Public Finance Authority (Wisconsin), in one or more series, of tax-exempt or taxable 501(c)(3) revenue bonds in an amount not to exceed $22,500,000 in order to (a) finance the acquisition of, and improvements to, a charter educational facility located at 3115 North Las Vegas Boulevard, Las Vegas, Nevada 89115 for use by Mater Academy of Nevada, (b) fund a debt service reserve fund for the Bonds, (c) pay capitalized interest with respect to the Bonds, and (d) pay certain costs of issuance of the Bonds. (For possible action)
Attachments: 1. Staff Report, 2. TEFRA Resolution Mater Academy Cactus Park

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Anna Danchik, Comptroller

Recommendation: 

title

Conduct a public hearing and approve, adopt and authorize the Chair to sign a resolution approving the issuance by the Public Finance Authority (Wisconsin), in one or more series, of tax-exempt or taxable 501(c)(3) revenue bonds in an amount not to exceed $22,500,000 in order to (a) finance the acquisition of, and improvements to, a charter educational facility located at 3115 North Las Vegas Boulevard, Las Vegas, Nevada 89115 for use by Mater Academy of Nevada, (b) fund a debt service reserve fund for the Bonds, (c) pay capitalized interest with respect to the Bonds, and (d) pay certain costs of issuance of the Bonds.  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

N/A

Fund Name:

N/A

Fund Center:

N/A

Funded PGM/Grant:

N/A

Amount:

N/A

Description:

N/A

Additional Comments:

No fiscal impact.  The bonds are not a financial responsibility of the County.

 

BACKGROUND: 

Pursuant to Section 147(f) of the Internal Revenue Code, prior to their issuance, the bonds are required to be approved by the “applicable elected representative” of the governmental unit having jurisdiction over the area in which the project is located, after a public hearing is held following reasonable public notice. Consequently, approval of the Board is needed to meet the requirements of Section 147(f).