NOTICE OF PUBLIC HEARING
NOT...
NOTICE OF PUBLIC HEARING
NOT...
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing will be held by the Board of County Commissioners of Clark County (the "County"), on Tuesday, August 6, 2024, at 10:00 a.m., or as soon thereafter as the matter can be heard, in the Clark County Commission Chambers, at the Clark County Government Center, located at 500 S. Grand Central Parkway, Las Vegas, Nevada 89155, regarding the proposed issuance by the Arizona Industrial Development Authority (the "Issuer") of its revenue notes, bonds or other obligations in one or more series from time to time pursuant to a plan of financing (the "Bonds"), in an amount not to exceed $65,000,000. The public hearing is required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code").
The following information has been provided by the Borrower (as defined below) for this Notice:
The Bonds are expected to be issued pursuant to the Industrial Development Financing Act, Title 35, Chapter 5, Sections 35-701 et seq., of the Arizona Revised Statutes, as amended (the "Act"), by the Issuer, an Arizona nonprofit corporation designated as a political subdivision of the State of Arizona (the "State"), incorporated with the approval of the Arizona Finance Authority (the "Arizona Finance Authority"), pursuant to the provisions of the Constitution and laws of the State and the Act. The proceeds from the sale of the Bonds will be loaned to Mater Academy of Nevada (the "Borrower"), a Nevada nonprofit corporation and an organization described in Section 501(c)(3) of the Code, and used to (a) finance and/or refinance the costs of the acquisition, construction, development, improvement, equipping and/or operating of an existing 148,578 square foot charter school facility operated out of four separate buildings situated on an approximately 20.04 acre site and the related land located at 3900 East Bonanza Road in Las Vegas, Nevada (the "Facilities"), (b) finance the costs of certain improvements to the Facilities; (c) fund certain reserves as may be required, (d) finance capitalized interest on the Bonds, if any, and (e) finance costs of issuance of the Bonds (collectively, the "Project"). On the date of issuance of the Bonds, the Facilities will be initially owned and operated by the Borrower.
The Bonds, including the principal of (premium, if any) and interest thereon, will not constitute a debt or a loan of credit or a pledge of the full faith and credit or taxing power of the Issuer, the Arizona Finance Authority, the State or any political subdivision thereof, the State of Nevada ("Nevada") or the County, within the meaning of any State or Nevada Constitutional provision or statutory limitation and shall never constitute or give rise to a pecuniary liability of the Issuer, the Arizona Finance Authority, the State or any political subdivision thereof, Nevada or the County. The Bonds shall not constitute, directly or indirectly, or contingently obligate or otherwise constitute a general obligation of or a charge against the general credit of the Issuer, the Arizona Finance Authority, the State or any political subdivision thereof, Nevada or the County, but shall be special limited obligations of the Issuer payable solely from the sources provided for in the proceedings for the issuance of the Bonds. The Issuer has no taxing power.
At the time and place set for the public hearing, interested persons will be given a reasonable opportunity to express their views, both orally and in writing, on the merits of the Project, its location, the plan of financing, the issuance of the Bonds or related matters. Written comments may also be submitted to the County at the following address: Clark County Government Center, 500 S. Grand Central Parkway, Las Vegas, Nevada 89155, Attention: Board of County Commissioners, with a copy to the Arizona Industrial Development Authority, c/o Kutak Rock LLP, 8601 North Scottsdale Road, Suite 300, Scottsdale, Arizona 85253, Attention: Kelly A. McGuire/TEFRA COMMENTS (Mater Academy of Nevada – East Las Vegas Campus Project), until the time and date of the hearing (subject to the timing limitations of mail delivery). With twenty-four (24) hour advanced request, a sign language interpreter may be made available (telephone number TT/TDD: Nevada Relay toll-free (800) 326-6868) and assisted listening devices are available at the meeting upon request.
Date of Notice: July 23, 2024
PUB: July 23, 2024
LV Review-Journal
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing will be held by the Board of County Commissioners of Clark County (the "County"), on Tuesday, August 6, 2024, at 10:00 a.m., or as soon thereafter as the matter can be heard, in the Clark County Commission Chambers, at the Clark County Government Center, located at 500 S. Grand Central Parkway, Las Vegas, Nevada 89155, regarding the proposed issuance by the Arizona Industrial Development Authority (the "Issuer") of its revenue notes, bonds or other obligations in one or more series from time to time pursuant to a plan of financing (the "Bonds"), in an amount not to exceed $65,000,000. The public hearing is required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code").
The following information has been provided by the Borrower (as defined below) for this Notice:
The Bonds are expected to be issued pursuant to the Industrial Development Financing Act, Title 35, Chapter 5, Sections 35-701 et seq., of the Arizona Revised Statutes, as amended (the "Act"), by the Issuer, an Arizona nonprofit corporation designated as a political subdivision of the State of Arizona (the "State"), incorporated with the approval of the Arizona Finance Authority (the "Arizona Finance Authority"), pursuant to the provisions of the Constitution and laws of the State and the Act. The proceeds from the sale of the Bonds will be loaned to Mater Academy of Nevada (the "Borrower"), a Nevada nonprofit corporation and an organization described in Section 501(c)(3) of the Code, and used to (a) finance and/or refinance the costs of the acquisition, construction, development, improvement, equipping and/or operating of an existing 148,578 square foot charter school facility operated out of four separate buildings situated on an approximately 20.04 acre site and the related land located at 3900 East Bonanza Road in Las Vegas, Nevada (the "Facilities"), (b) finance the costs of certain improvements to the Facilities; (c) fund certain reserves as may be required, (d) finance capitalized interest on the Bonds, if any, and (e) finance costs of issuance of the Bonds (collectively, the "Project"). On the date of issuance of the Bonds, the Facilities will be initially owned and operated by the Borrower.
The Bonds, including the principal of (premium, if any) and interest thereon, will not constitute a debt or a loan of credit or a pledge of the full faith and credit or taxing power of the Issuer, the Arizona Finance Authority, the State or any political subdivision thereof, the State of Nevada ("Nevada") or the County, within the meaning of any State or Nevada Constitutional provision or statutory limitation and shall never constitute or give rise to a pecuniary liability of the Issuer, the Arizona Finance Authority, the State or any political subdivision thereof, Nevada or the County. The Bonds shall not constitute, directly or indirectly, or contingently obligate or otherwise constitute a general obligation of or a charge against the general credit of the Issuer, the Arizona Finance Authority, the State or any political subdivision thereof, Nevada or the County, but shall be special limited obligations of the Issuer payable solely from the sources provided for in the proceedings for the issuance of the Bonds. The Issuer has no taxing power.
At the time and place set for the public hearing, interested persons will be given a reasonable opportunity to express their views, both orally and in writing, on the merits of the Project, its location, the plan of financing, the issuance of the Bonds or related matters. Written comments may also be submitted to the County at the following address: Clark County Government Center, 500 S. Grand Central Parkway, Las Vegas, Nevada 89155, Attention: Board of County Commissioners, with a copy to the Arizona Industrial Development Authority, c/o Kutak Rock LLP, 8601 North Scottsdale Road, Suite 300, Scottsdale, Arizona 85253, Attention: Kelly A. McGuire/TEFRA COMMENTS (Mater Academy of Nevada – East Las Vegas Campus Project), until the time and date of the hearing (subject to the timing limitations of mail delivery). With twenty-four (24) hour advanced request, a sign language interpreter may be made available (telephone number TT/TDD: Nevada Relay toll-free (800) 326-6868) and assisted listening devices are available at the meeting upon request.
Date of Notice: July 23, 2024
PUB: July 23, 2024
LV Review-Journal
Posted Online 14 hours ago
