CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
|
Petitioner: |
Anna Danchik, Comptroller |
Recommendation:
title
Conduct a public hearing concerning the proposed issuance of 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 (Strip Resort Corridor).
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: |
The general obligation (limited tax) transportation improvement bonds (the “Series 2026B Bonds”) will be additionally secured with Master Transportation Plan revenues derived from a 1% room tax collected on the gross receipts from the rental of transient lodging (hotel/motel rooms) within the boundaries of the strip resort corridor (the “Strip Resort Corridor Pledged Revenues”) and is dedicated to fund transportation improvements within the Las Vegas Strip Resort Corridor boundaries. |
BACKGROUND:
At the June 16, 2026 Board of County Commissioners meeting, the Board authorized the County to publish the Notice of Public Hearing. The Notice of Public Hearing was published on June 19, 2026, June 26, 2026, and on July 3, 2026, in a newspaper of general circulation. The Notice of Public Hearing provided notice to the public regarding the time and place that they may have an opportunity to be heard on this matter. The Chair should open the public hearing, take any public comment and close the public hearing. No action is required to be taken.