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File #: 23-073   
Status: Agenda Ready
File created: 12/22/2022 In control: Clark County Board of Commissioners
On agenda: 1/17/2023 Final action: 1/17/2023
Title: Conduct a public hearing regarding the issuance of its "Clark County Water Reclamation District (District), Nevada General Obligation (Limited Tax) Water Reclamation Bonds, (Additionally Secured by Pledged Revenues) Series 2023", in the maximum principal amount of $340,000,000. (Sitting as the Clark County Water Reclamation District Board of Trustees) (For possible action)
Attachments: 1. Staff Report

CLARK COUNTY Water Reclamation District

Board of Trustees

AGENDA ITEM

 

Petitioner:

Thomas A. Minwegen, General Manager

Recommendation: 

title

Conduct a public hearing regarding the issuance of its “Clark County Water Reclamation District (District), Nevada General Obligation (Limited Tax) Water Reclamation Bonds, (Additionally Secured by Pledged Revenues) Series 2023”, in the maximum principal amount of $340,000,000. (Sitting as the Clark County Water Reclamation District Board of Trustees)  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

Capital Funds

Fund Name:

CCWRD General Funds

Fund Center:

CCWRD Funds

Funded PGM/Grant:

N/A

Amount:

N/A

Description:

Public Hearing

Additional Comments:

The debt service will be repaid from pledged revenues

 

BACKGROUND: 

The District is seeking authorization to issue General Obligation (Limited Tax) Bonds (additionally secured by pledged revenues) in an amount not to exceed $340,000,000 (the “Proposal”) for the purpose of financing the District’s Five-Year Capital Improvement Plan (FY 2022/23 through FY 2026/27), estimated at $1.1 Billion.

At the December 6, 2022, meeting of the Board of Trustees, the Board authorized the Chair to sign District Resolution 22-006, a Resolution of Intent, and directed the Secretary of the District to publish the Notice of Public Hearing. The Notice was published December 10, 2022, December 17, 2022, and on December 24, 2022, in a newspaper of general circulation in Clark County. 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 Clark County Water Reclamation District asks that the Chair opens the public hearing, take any public comment, and close the public hearing. No action is required to be taken.

This agenda item has been reviewed and approved by the District General Counsel.