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Legislation Details
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On agenda:
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6/2/2026
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Final action:
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Title:
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Conduct a public hearing and approve, adopt and authorize the Chair to sign a resolution approving the issuance, solely for the purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended, by the Public Finance Authority (Wisconsin), in one or more series, of tax-exempt 501(c)(3) revenue bonds in an amount not to exceed $137,000,000 in order to (a) finance, refinance, and/or reimburse the cost of acquisition, construction, expansion, improvement, renovation, furnishing and equipping of certain educational facilities located at (1) 4, 11 and 14B Sunset Way and an adjacent parcel located on Whitney Mesa Drive, Henderson, Nevada 89041, in an aggregate principal amount not to exceed $6,000,000; (2) One Breakthrough Way and 10530 Discovery Drive, Las Vegas, Nevada 89135, in an aggregate principal amount not to exceed $130,000,000; and (3) 3755 Breakthrough Way, Las Vegas, Nevada 89135, in an aggregate principal amount not to exceed $1,000,000, for use by Roseman University of Health Sciences, (b) fund a debt service reserve fund for the Bonds, (c) fund interest on the Bonds, and (d) pay certain costs of issuance of the Bonds. (For possible action)
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CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Anna Danchik, Comptroller |
Recommendation:
title
Conduct a public hearing and approve, adopt and authorize the Chair to sign a resolution approving the issuance, solely for the purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended, by the Public Finance Authority (Wisconsin), in one or more series, of tax-exempt 501(c)(3) revenue bonds in an amount not to exceed $137,000,000 in order to (a) finance, refinance, and/or reimburse the cost of acquisition, construction, expansion, improvement, renovation, furnishing and equipping of certain educational facilities located at (1) 4, 11 and 14B Sunset Way and an adjacent parcel located on Whitney Mesa Drive, Henderson, Nevada 89041, in an aggregate principal amount not to exceed $6,000,000; (2) One Breakthrough Way and 10530 Discovery Drive, Las Vegas, Nevada 89135, in an aggregate principal amount not to exceed $130,000,000; and (3) 3755 Breakthrough Way, Las Vegas, Nevada 89135, in an aggregate principal amount not to exceed $1,000,000, for use by Roseman University of Health Sciences, (b) fund a debt service reserve fund for the Bonds, (c) fund interest on the Bonds, and (d) pay certain costs of issuance of the Bonds. (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: |
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).
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