NOTICE OF PUBLIC HEARING ON THE INTENT OF LOGAN CREEK ESTATES GENERAL
IMPROVEMENT DISTRICT, NEVADA, TO ISSUE GENERAL OBLIGATION BONDS
(ADDITIONALLY SECURED BY PLEDGED REVENUES).
NOTICE IS HEREBY GIVEN that the Board of Trustees (the “Board”) of Logan Creek Estates
General Improvement District (the “District”), Nevada, by a resolution, passed, adopted, signed
and approved on December 14, 2022, and designated in Section 1 thereof by the short title “2022
Resolution of Intent to Issue Bonds” has proposed the issuance of the District’s general obligation
(limited tax) water bonds (additionally secured by pledged revenues) (the “Bonds”) designated
below, as follows:
GENERAL OBLIGATION WATER BONDS (ADDITIONALLY SECURED BY PLEDGED
REVENUES) PROPOSAL:
Shall the Board of Trustees of Logan Creek Estates General Improvement District,
Nevada, be authorized to incur a general obligation indebtedness (additionally
secured by pledged revenues) on behalf of the District by the issuance at one time,
or from time to time, of the District’s general obligation water bonds, in one series or
more, in the aggregate principal amount of not to exceed $1,200,000 for the purpose
of financing water system improvements, such bonds to mature not later than thirty
(30) years from the date or respective dates of the bonds, payable from general
(ad valorem) taxes (except to the extent pledged revenues and other monies are
available therefor), and to be issued and sold at, above, or below par at an effective
interest rate (including any sale discount) not exceeding the statutory maximum
rate, if any, as shall be determined at the time of the sale thereof, and otherwise to
be issued in such manner, upon such terms and conditions, with such covenants
and agreements, and with such other detail as the Board may determine, including
but not necessarily limited to, provisions for the redemption of bonds prior to maturity
without or with the payment of a premium?
(the “Proposal”);
The above Proposal was previously approved by the Debt Management Commission of Douglas
County, Nevada.
The Board has determined that the Bonds to be issued for the purpose of financing certain
water system improvements (as further described in the above Proposal) and will be additionally
secured by a pledge of the “water pledged revenues.” The Board has also determined, based
upon a revenue study, that such water pledged revenues will at least equal the amount required
in each year for the payment of the interest on and the principal of the Bonds.
All persons interested are hereby advised that the Board will hold a public hearing on the Proposal
on January 17, 2023, at 1:00 p.m. at the Kahle Community Center – Rubicon Meeting Room,
236 Kingsbury Grade, Stateline, NV 89449 . All persons are invited to attend and to be heard
regarding the Proposal. Further information regarding the Proposal, the Projects to be financed
by the Bonds, the Bonds and the revenues to be pledged to the Bonds, and all proceedings,
are on file in the office of the District 1711 Logan Creek Drive, Glenbrook NV 89413, Attn: Jeff
McDaniel, District Treasurer, and can be seen and examined by interested persons during the
regular office hours of the District.
BY ORDER of the Board of Trustees, Logan Creek Estates General Improvement District, Nevada.
DATED this December 14, 2022
/s/ Jeff McDaniel
District Treasurer
Logan Creek Estates General Improvement District, Nevada
Pub Date: December 21, 28, 2022 and January 4, 2023 Ad # 29375
