CLARK COUNTY Water Reclamation District
Board of Trustees
AGENDA ITEM
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Petitioner: |
Thomas A. Minwegen, General Manager |
Recommendation:
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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)
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FISCAL IMPACT:
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Fund #: |
Capital Funds |
Fund Name: |
CCWRD General Funds |
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Fund Center: |
CCWRD Funds |
Funded PGM/Grant: |
N/A |
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Amount: |
N/A |
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Description: |
Public Hearing |
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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.