File #: TMP-3745    Version: 1 Name:
Type: Action Item Status: Miscellaneous
File created: 12/10/2019 In control: Board of Fire Commissioners
On agenda: 12/17/2019 Final action:
Title: Recommendation to adopt a Resolution authorizing the issuance of Medium-term Obligations in the maximum principal amount of $4,415,000 under Nevada Revised Statutes ("NRS") 350.087 to 350.095, inclusive (the "Project Act"), and NRS 350.500 to 350.720, inclusive (the "Bond Act"), in order to finance all or a portion of the cost of purchasing fire-fighting equipment, including fire engines and other vehicles (the "Project"), bearing interest at a rate or rates which do not exceed by more than 3% the "Index of Twenty Bonds" most recently published in The Bond Buyer before bids are received for such medium-term obligations or a negotiated offer is accepted, and maturing within 10 years of the date of issuance thereof, in order to pay the costs of the Project. (All Commission Districts) FOR POSSIBLE ACTION
Attachments: 1. Item #13B Medium Term-Debt Authorization staff Report, 2. Item #13A and B Exhibit Medium Term-Debt Authorization Resolution, 3. Item #13A and B Exhibit Funding Model TMFPD 2020A MTGO-7 yr amort (2019-11-27) (1), 4. Item #13A and B Exhibit Funding Model TMFPD 2020A MTGO-10 yr amort (2019-11-27) (1), 5. Item #13A and B Exhibit Term Sheet TMFPD 2020A MTGO
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Title

Recommendation to adopt a Resolution authorizing the issuance of Medium-term Obligations in the maximum principal amount of $4,415,000 under Nevada Revised Statutes ("NRS") 350.087 to 350.095, inclusive (the "Project Act"), and NRS 350.500 to 350.720, inclusive (the "Bond Act"), in order to finance all or a portion of the cost of purchasing fire-fighting equipment, including fire engines and other vehicles (the "Project"), bearing interest at a rate or rates which do not exceed by more than 3% the "Index of Twenty Bonds" most recently published in The Bond Buyer before bids are received for such medium-term obligations or a negotiated offer is accepted, and maturing within 10 years of the date of issuance thereof, in order to pay the costs of the Project. (All Commission Districts) FOR POSSIBLE ACTION