NOTICE OF HEARING AND OF INTENTION TO

89701 | 04/04/2020 | Ad id: 7-0000571197-01
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NOTICE OF HEARING AND OF INTENTION TO AUTHORIZE MEDIUM-TERM OBLIGATIONS BY THE CITY OF CARSON CITY, NEVADA NOTICE is hereby given that the Board of Supervisors of the City of Carson City, Nevada (the "Board" and "City", respectively) will hold a public hearing at a regular meeting to be held on Thursday, April 16, 2020 at the hour of 8:30 a.m. at the Community Center, 851 East William Street, Carson City, Nevada to act upon a resolution authorizing medium-term obligations of the City, to be issued in one series or more, in the maximum aggregate principal amount of $7,740,000 to finance wholly or in part the cost of refunding certain outstanding obligations of the City. In the event that the regular meeting on April 16, 2020 is not physically held at the aforementioned address, the public notice agenda for such meeting will provide a means for the public to provide public comment in accordance with Declaration of Emergency Directive 006 of the Nevada Governor dated March 22, 2020. The medium-term obligations are not proposed to be repaid in whole or in part by the levy of a tax exempt from the limitations on taxes ad valorem, but are to be repaid from legally available funds of the City, including, without limitation, monies deposited in the City's General Fund in an estimated annual amount of $92,400, the City's Stormwater Fund in an estimated annual amount of $418,400, the City's Wastewater Fund in an estimated annual amount of $84,200, and the City's Water Fund in an estimated range of $642,400 per year to $1,522,200 per year, for a period not to exceed 10 years. The form of the resolution authorizing such medium-term obligations, to be considered by the Board after such hearing, may be delivered electronically by contacting the person designated in the public notice agenda for the regular meeting. Additionally, such resolution will be posted to and may be accessed on the City's website at https://www.carson.org/government/meeting-information/agendas. All persons are invited to be heard regarding the proposed action. /s/ Nancy Paulson, City Manager Pub: April 4, 2020 Ad#0000571197