STATE OF NEVADA



STATE OF NEVADA

DEPARTMENT OF BUSINESS AND INDUSTRY

OFFICE OF THE DIRECTOR

MEETING NOTICE AND AGENDA

Private Activity Bond Council

[Created under NAC Chapter 348A]

Name of Organization: Department of Business & Industry

Date and Time of Meeting: January 28, 2020 at 10:00 AM

Place of Meeting:

Locations:

Business & Industry, Director’s Office Business & Industry, Director’s Office

3300 W. Sahara Avenue 1830 College Parkway

4th Floor, Red Rock room Suite 440 Suite 200

Las Vegas, NV. 89102 Carson City, NV. 89706

Members of the Committee

Terry Reynolds, Director-Business & Industry

Bob Potts, Deputy Director – Governor’s Office of Economic Development

Julie Ratti, Nevada State Senate

Teresa Benitez-Thompson, Nevada State Assembly

Dagny Stapleton, Executive Director-Nevada Association of Counties

Jo Walker, Executive Assistant-Nevada League of Cities

Mike Mullin, Founder & Former CEO of Nevada Hand

AGENDA

The Special Committee to Provide Advice on Private Activity Bonds will meet in an open meeting to discuss and provide recommendations to the Director of the Department of Business and Industry regarding the following items:

STACKED AGENDA: Below is an agenda of all items scheduled to be considered. Unless otherwise stated, items may be taken out of the order presented on the agenda by the discretion of the Director. Items may also be combined for consideration or pulled or removed from the agenda at any time. Persons who have business before the committee are solely responsible to see that they are present when their business is conducted. Public comments may be limited to three minutes per person at the discretion of the Director. The Committee may only take action on those items denoted as potential action items.

NOTICE: Reasonable efforts will be made to assist and accommodate physically handicapped persons desiring to attend the meeting. Please call Carrie Foley at (702) 486-2754, so arrangements may be conveniently made. Supporting documents for this meeting may be obtained at 3300 W. Sahara Ave. Suite 425 Las Vegas, NV. 89102, or by contacting Carrie Foley at (702) 486-2754 or via email at cfoley@business..

MEMBERS OF THE PUBLIC ARE ENCOURAGED TO ADDRESS THE COMMITTEE REGARDING ANY MATTER. HOWEVER, NO ACTION MAY BE TAKEN ON A MATTER. NO COMMENTS MAY BE MADE REGARDING A MATTER THAT IS OR MAY BE THE SUBJECT OF A FORMAL COMPLAINT BEFORE THE COMMITTEE. COMMENT MAY NOT BE LIMITED BASED ON VIEWPOINT. PERSONS WHO DESIRE TO SUBMIT WRITTEN TESTIMONY SHOULD SUBMIT TEN (10) COPIES TO THE COMMITTEE COORDINATOR. PUBLIC COMMENT MAY BE LIMITED TO THREE MINUTES PER PERSON AT THE DISCRETION OF THE DIRECTOR.

1. Call to order by Chair, Director Terry Reynolds

2. Public Comments – public comments may be limited to 3 minutes per speaker

3. Approval of the May 1, 2019 meeting minutes (for possible action)

4. Discussion as to the role of the Advisory Board under the legislation passed in the 2019 Legislative session

5. CONSENT AGENDA ITEMS: The following reports on usage, reversions and requests for 2019 State Volume Cap by the Director, local governments and agencies receiving Volume Cap will be presented to the Committee for discussion, consideration, and approval by the Special Advisory Committee to the Director as a Consent Agenda Item. Any Committee member or member of the public may request that a specific sub-item be removed from the consent agenda and discussed, considered, and voted on individually (for possible action)

a) Carson City: Per Resolution No. 2019-R-21 Carson City would like to transfer their allocation of $2,920,671.60 to the Nevada Rural Housing Authority for their Single-Family Programs.

b) Churchill County: Per Resolution No. 280-2019 Churchill County would like to transfer their allocation of $859,836.30 to the Nevada Rural Housing Authority for their Single-Family Programs.

c) City of Boulder City: Per Resolution No. 6939 the City of Boulder City would like to transfer their allocation of $827,741.58 to the Nevada Rural Housing Authority for their Single-Family Programs.

d) City of Caliente: Per Resolution No. 5 the City of Caliente would like to transfer their allocation of $56,478.37 to the Nevada Rural Housing Authority for their Single-Family Programs.

e) City of Carlin: Per Resolution No. 2019-02 the City of Carlin would like to transfer their allocation of $136,142.05 to the Nevada Rural Housing Authority for their Single-Family Programs.

f) City of Elko: Per Resolution No. 9-19 the City of Elko would like to transfer their allocation of $1,102,370.26 to the Nevada Rural Housing Authority for their Single-Family Programs.

g) City of Ely: Per Resolution No. 2019-15 the City of Ely would like to transfer their allocation of $216,170.44 to the Nevada Rural Housing Authority for their Single-Family Programs.

h) City of Fallon: Per Resolution No. 19-05 the City of Fallon would like to transfer their allocation of $475,429.09 to the Nevada Rural Housing Authority for their Single-Family Programs.

i) City of Fernley: Per Resolution No. 19-007 the City of Fernley would like to transfer their allocation of $1,031,094.97 to the Nevada Rural Housing Authority for their Single-Family Programs.

j) City of Henderson: Per Resolution No. 159 the City of Henderson would like to transfer a portion of their $16,164,276.33 allocation in the amount of $11,500,000.00 to the Nevada Housing Division through the Director’s Office. Per Resolution No. 160 the City of Henderson would like to transfer a portion of their $16,164,276.33 allocation in the amount of $4,664,276.33 to the Nevada Rural Housing Authority for their Single-Family Programs.

k) City of Las Vegas: Per Resolution No. R-35-2019 the City of Las Vegas would like to transfer their allocation of $33,559,458.11 to the Housing Division. The City of Las Vegas would like $6,411,324.16 of their allocation which is transferred to the Nevada Housing Division to go toward an affordable rental housing development at 400 S. Decatur Blvd. for Nevada H.A.N.D., Inc.

l) City of Lovelock: Per Resolution No. 2019-02 the City of Lovelock would like to transfer their allocation of $102,380.07 to the Nevada Rural Housing Authority for their Single-Family Programs.

m) City of Mesquite: Per Resolution No. 988 the City of Mesquite would like to transfer their allocation of $1,175,260.70 to the Nevada Rural Housing Authority for their Single-Family Programs.

n) City of Reno: Per Resolution No. 8644 the City of Reno would like to transfer portions of their total allocation of $12,963,244.86 to the Nevada Housing Division through the Director’s Office with a request that $3,000,000.00 be applied toward Ridgeview by Vintage Apartments project, $3,000,000.00 be applied toward Vintage at Citi Vista Apartments and $3,000,000.00 be applied toward South Peak by Vintage Apartments.

o) City of Sparks: Per Resolution No. 3350 the City of Sparks would like to transfer their allocation of $5,217,476.03 as follows: $2,608,738.02 to the Nevada Housing Division for their Single-Family Housing Programs and $2,608,738.01 to the Nevada Rural Housing Authority for their Single-Family Housing Program.

p) City of Wells: Per Resolution No. 19-06 the City of Wells would like to transfer their allocation of $71,118.98 to the Nevada Rural Housing Authority for their Single-Family Programs.

q) City of West Wendover: Per Resolution No. 2019-04 the City of West Wendover would like to transfer their allocation of $229,560.61 to the Nevada Rural Housing Authority for their Single-Family Programs.

r) City of Winnemucca: Per Resolution No. 2019-14 the City of Winnemucca would like to transfer their allocation of $409,311.88 to the Nevada Rural Housing Authority for their Single-Family Programs.

s) City of Yerington: Per Resolution No. 2019-03 the City of Yerington would like to transfer their allocation of $178,396.62 to the Nevada Rural Housing Authority for their Single-Family Programs.

t) Clark County: Per Resolution No. 8-20-19-1 Clark County would like to transfer their allocation of $52,605,798.59 as follows: $13,000,000.00 to the Nevada Housing Division for a project known as Coordinated Living of Southern Nevada, $13,000,000.00 to the Nevada Housing Division for a project known as Fairfield Residential, $13,000,000.00 to the Nevada Housing Division for a project known as Clark County BLM, $11,605,798.59 to the Nevada Housing Division for their Single Family Homeownership Programs and $2,000,000.00 to the Nevada Rural Housing Authority for their Single Family Mortgage Credit Certificates.

u) Douglas County: Per Resolution No. 2019R-030 Douglas County would like to transfer their allocation of $2,556,636.20 to the Nevada Rural Housing Authority for their Single-Family Programs.

v) Elko County: Per Resolution No. 2019-12 Elko County would like to transfer their allocation of $1,291,291.45 to the Nevada Rural Housing Authority for their Single-Family Programs.

w) Esmeralda County: Per Resolution No. 19-R-08 Esmeralda County would like to transfer their allocation of $50,486.66 to the Nevada Rural Housing Authority for their Single-Family Programs.

x) Humboldt County: Per Resolution No. 06-03-19 Humboldt County would like to transfer their allocation of $475,845.90 to the Nevada Rural Housing Authority for their Single-Family Programs.

y) Lander County: Per Resolution No. 2019-08 Lander County would like to transfer their allocation of $315,997.52 to the Nevada Rural Housing Authority for their Single-Family Programs.

z) Lincoln County: Per Resolution No. 2019-08 Lincoln County would like to transfer their allocation of $217,316.68 to the Nevada Rural Housing Authority for their Single-Family Programs.

aa) Lyon County: Per Resolution No. 19-12 Lyon County would like to transfer their allocation of $1,684,816.48 to the Nevada Rural Housing Authority for their Single-Family Programs.

ab) Mineral County: Per Resolution No. 19-016 Mineral County would like to transfer their allocation of $244,357.53 to the Nevada Rural Housing Authority for their Single-Family Programs.

ac) Nye County: Per Resolution No. 2019-21 Nye County would like to transfer their allocation of $2,493,384.59 to the Nevada Rural Housing Authority for their Single-Family Programs.

ad) Pershing County: Per Resolution No. 19-06-06 Pershing County would like to transfer their allocation of $254,934.19 to the Nevada Rural Housing Authority for their Single-Family Programs.

ae) Storey County: Per Resolution No. 19-538 Storey County would like to transfer their allocation of $220,234.38 to the Nevada Rural Housing Authority for their Single-Family Programs.

af) Washoe County: Per Resolution No. R19-039 Washoe County would like to transfer their allocation of $5,798,463.39 to the Nevada Housing Division through the Director’s Office for a project known as Dandini-Spectrum mixed use development project.

ag) White Pine County: Per Resolution No. 2019-29 White Pine County would like to transfer their allocation of $340,172.77 to the Nevada Rural Housing Authority for their Single-Family Programs.

6. Report on 2019 volume cap carry forward amounts

7. Discussion on projects requesting bond financing

8. Letter dated January 23, 2020 from Michael Holliday, Chief Financial Officer with the Nevada Housing Division requesting remaining 2019 volume cap

9. Letter dated January 23, 2020 from the Nevada Rural Housing Authority requesting remaining 2019 volume cap

10. Suggestion of agenda items for next meeting

11. Committee comments

12. Public comments – public comments may be limited to 3 minutes per speaker

13. Adjournment

Copies of the above Meeting Notice and Agenda are posted at the following locations:

Department of Business & Industry Department of Business & Industry

Director’s Office Director’s Office

3300 W Sahara Ave. Suite 425 1830 College Parkway, Ste. 100

Las Vegas, NV. 89102 Carson City, NV. 89706

Department of Business & Industry Department of Business & Industry

Nevada Housing Division Nevada Housing Division

1830 College Pkwy. Ste. 200 3300 W Sahara Ave. Suite 300

Carson City, NV. 89706 Las Vegas, NV. 89102

Nevada Legislative Building Nevada State Library & Archives

401 South Carson Street 100 N. Stewart Street.

Carson City, NV. 89710 Carson City, NV. 89701

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STEVE SISOLAK

Governor

TERRY J. REYNOLDS

Director

MARCEL F. SCHAERER

Deputy Director

BUDD MILAZZO

Deputy Director

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