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File #:
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TMP-10093
Version:
1
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Name:
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Type:
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Action Item
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Status:
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Miscellaneous
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File created:
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6/10/2025
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In control:
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Manager
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On agenda:
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6/24/2025
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Final action:
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Title:
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Public Hearing: For possible action to conduct a Public Hearing under the Tax Equity and Fiscal Responsibility Act ("TEFRA") and adopt a resolution approving the issuance by the Public Finance Authority (Wisconsin) of not to exceed $310,000,000 of Hospital Revenue Bonds on behalf of Renown Regional Medical Center for purposes of, and as required by, Internal Revenue Code of 1986 Section 147(f), as amended. The bonds or a portion thereof will be "private activity bonds" and "qualified 501(c)(3) bonds" for purposes of the Internal Revenue Code of 1986. The revenue from the bond issuance will be used to (1) finance and refinance the acquisition, construction, renovation, improvement, equipping and furnishing of healthcare, hospital and related and appurtenant facilities of Renown Regional Medical Center and its affiliates located or to be located in Washoe County, Nevada and (2) pay certain costs of issuance of the bonds. The bonds are not a debt or obligation of the County; the Count...
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Title
Public Hearing: For possible action to conduct a Public Hearing under the Tax Equity and Fiscal Responsibility Act ("TEFRA") and adopt a resolution approving the issuance by the Public Finance Authority (Wisconsin) of not to exceed $310,000,000 of Hospital Revenue Bonds on behalf of Renown Regional Medical Center for purposes of, and as required by, Internal Revenue Code of 1986 Section 147(f), as amended. The bonds or a portion thereof will be "private activity bonds" and "qualified 501(c)(3) bonds" for purposes of the Internal Revenue Code of 1986. The revenue from the bond issuance will be used to (1) finance and refinance the acquisition, construction, renovation, improvement, equipping and furnishing of healthcare, hospital and related and appurtenant facilities of Renown Regional Medical Center and its affiliates located or to be located in Washoe County, Nevada and (2) pay certain costs of issuance of the bonds. The bonds are not a debt or obligation of the County; the County is not a party to the financing and bears no risk in this transaction, either financial or reputational, and has received a letter of indemnification from the borrower, which was prepared by the County's bond counsel firm, Taft Stettinius & Hollister, LLP. Manager's Office. (All Commission Districts.) FOR POSSIBLE ACTION
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