Douglas County legal - 39169

NOTICE OF PUBLIC HEARING ON THE INTENT OF THE BOARD OF COUNTY

COMMISSIONERS OF DOUGLAS COUNTY, NEVADA, TO ISSUE GENERAL OBLIGATION

BONDS (ADDITIONALLY SECURED BY PLEDGED REVENUES).

NOTICE IS HEREBY GIVEN that the Board of County Commissioners (the “Board”) of Douglas

County, Nevada (the “County”), by a resolution, passed, adopted, signed and approved on

December 21, 2023, and designated in Section 1 thereof by the short title “2023 Resolution of Intent

to Issue Bonds” has proposed the issuance of the County’s general obligation (limited tax) bonds

(additionally secured by pledged revenues) (the “Bonds”) designated below, as follows:

GENERAL OBLIGATION BONDS

(ADDITIONALLY SECURED BY PLEDGED

REVENUES) PROPOSAL:

Shall the Board of County Commissioners of Douglas County in the State of

Nevada, be authorized to incur a general obligation indebtedness on behalf of the

County by the issuance at one time, or from time to time, of the County’s general

obligation bonds (additionally secured by pledged revenues), in one series or

more, in the aggregate principal amount of not exceeding $37,000,000 for the

purpose of financing, wholly or in part, the acquisition, construction, improvement

and equipment of a Building Project as defined in NRS 244A.019, the bonds to

mature not later than thirty (30) years from the date or respective dates of the

bonds, to bear interest at a rate or rates not in excess of the statutory maximum

rate in effect at the time bonds are sold, to be payable from general (ad valorem)

taxes (except to the extent pledged revenues and other moneys are available

therefor), and to be issued and sold at par, or below or above par, and otherwise in

such manner, upon such terms and conditions, and with such other detail as the

Board may determine, including at its option 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 a building

project (as further described in the above Proposal) and will be additionally secured by a pledge of

the “pledged revenues.” The Board has also determined, based upon a revenue study, that such

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 February 1, 2024, at 10:00 a.m. in the Historic Courthouse, 1616 Eighth Street, Minden, Nevada.

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 Douglas County, Nevada, 1616

8th Street, Minden, NV 89423, Attn: Terri Willoughby, Chief Financial Officer, and can be seen and

examined by interested persons during the regular office hours of the County.

BY ORDER of the Board of County Commissioners of Douglas County, Nevada.

DATED this December 21, 2023

/s/ Amy Burgans

County Clerk-Treasurer

Douglas County, Nevada

Pub Date: December 27, 2023 & January 3, 10, 2024 Ad # 39169