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Legislation Details
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On agenda:
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11/3/2026
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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 National Finance Authority, in one or more series, of airport special facility revenue bonds in an amount not to exceed $50,000,000 in order to (a) pay or reimburse a portion of the costs of the acquisition and redevelopment of certain airport facilities comprised of a 5.24-acre aircraft storage hangar site, including the development of three single-story aircraft storage hangars totaling approximately 75,000 square feet, located at Harry Reid International Airport, 135, 145, and 155 East Reno Avenue, Las Vegas, Nevada 89119 for use by MTP-Las Vegas Hangars, LLC, (b) fund a debt service reserve fund for the Bonds and pay capitalized interest with respect to the Bonds, and (c) 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 National Finance Authority, in one or more series, of airport special facility revenue bonds in an amount not to exceed $50,000,000 in order to (a) pay or reimburse a portion of the costs of the acquisition and redevelopment of certain airport facilities comprised of a 5.24-acre aircraft storage hangar site, including the development of three single-story aircraft storage hangars totaling approximately 75,000 square feet, located at Harry Reid International Airport, 135, 145, and 155 East Reno Avenue, Las Vegas, Nevada 89119 for use by MTP-Las Vegas Hangars, LLC, (b) fund a debt service reserve fund for the Bonds and pay capitalized interest with respect to the Bonds, and (c) 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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