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Legislation Details
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On agenda:
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11/17/2026
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Final action:
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Title:
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Approve and authorize the Chair to sign a Resolution of Intent, proposing the issuance of, and authorizing the publication of notices relating to its general obligation (limited tax) public facilities and park bonds (additionally secured by pledged revenues), in the maximum aggregate principal amount of $222,525,000; for the purpose of financing building projects and park projects in the County; authorizing the Chief Financial Officer, or in such officer’s absence, the County Manager to arrange for the sale of such bonds; and 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 and authorize the Chair to sign a Resolution of Intent, proposing the issuance of, and authorizing the publication of notices relating to its general obligation (limited tax) public facilities and park bonds (additionally secured by pledged revenues), in the maximum aggregate principal amount of $222,525,000; for the purpose of financing building projects and park projects in the County; authorizing the Chief Financial Officer, or in such officer’s absence, the County Manager to arrange for the sale of such bonds; and 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) public facilities and park bonds (the “Series 2027 Bonds”) will be additionally secured by a pledge up to 15% of the Local Government Tax Distribution Fund distributed to the County. The Local Government Tax Distribution Fund consists of local government revenues from six sources: Supplemental City/County Relief Tax (“SCCRT”), Basic City/County Relief Tax (“BCCRT”), Cigarette Tax, Liquor Tax, Governmental Services Tax (“GST”), and Real Property Transfer Tax (“RPTT”). The law allows for up to 15% of the combination of these six revenues (the “Consolidated Tax”) to be pledged as security for debt (the “Consolidated Tax Pledged Revenues”). |
BACKGROUND:
At the October 20, 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 building projects as defined in Nevada Revised Statutes (“NRS”) 244A.019 and park projects as defined in NRS 244A.039 in the County. On November 12, 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 December 15, 2026. Both notices will be published in a newspaper of general circulation on
November 20, 2026, and the Notice of Public Hearing will be published a second time on November 27, 2026, and a third time on December 4, 2026. This action requires at least five affirmative votes for approval.
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