CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Anna Danchik, Comptroller |
Recommendation:
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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 related to General Obligation (Limited Tax) Hospital Improvement Bonds (Additionally Secured by Gross Pledged Revenues), in the maximum aggregate principal amount of $45,770,000; authorizing the Chief Financial Officer or, in such officer’s absence, the County Manager to arrange for the sale of such bonds; and providing items properly related thereto; and providing the effective date. (For possible action)
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FISCAL IMPACT:
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Fund #: |
N/A |
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Fund Center: |
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Funded PGM/Grant: |
N/A |
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Amount: |
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Description: |
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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 (the “Hospital”). |
BACKGROUND:
At the August 18, 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 hospital improvement projects. On September 3, 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 Adoption 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 October 20, 2026. Both notices will be published in a newspaper of general circulation on September 18, 2026, and the Notice of Public Hearing will be published a second time on September 25, 2026, and a third time on October 2, 2026. This action requires at least five affirmative votes for approval.