NOTICE OF PUBLIC HEARING
REGARDING GENERAL OBLIGATION BONDS OF THE
WEST WENDOVER RECREATION DISTRICT
Pursuant to the provisions of Section 350.020, Nevada Revised Statutes, as amended, notice is hereby given that a public hearing will be held by the Board of Trustees (the “Board”) of the West Wendover Recreation District, Elko County, Nevada (the “District”) during a meeting of the Board scheduled to begin at 6:00 p.m. on March 21, 2013, at the regular meeting place of the District in the West Wendover Library, Pilot Peak Meeting Room, in West Wendover, Nevada, regarding the issuance, in one or more series, of its general obligation (limited tax) bonds (additionally secured by pledged revenues) (the “Bonds”), in an aggregate principal amount of (1) $4,995,000 million for the purpose of refunding the District’s outstanding General Obligation (Limited Tax) Recreational Facilities and Refunding Bonds (Additionally Secured by Pledged Revenues), Series 1996 (the “1996 Bonds”) and General Obligation (Limited Tax) Refunding Bonds (Additionally Secured by Pledged Revenues), Series 1999 (the “1999 Bonds” and, collectively with the 1996 Bonds, the “Refunded Bonds”) and paying costs incidental thereto, and (2) up to $5.5 million for the purpose of financing the acquisition and construction of a recreation center and related facilities, establishing any necessary reserves for such Bonds, and paying costs of issuance of such Bonds (the “Project Bonds”).
The payment of the Bonds is to be secured in part by a pledge of certain room tax revenues and other pledged revenues of the District. Pursuant to Section 350.020 of the Nevada Revised Statutes, as amended, a notice of intention was published in the High Desert Advocate on March 7, 2013 with respect to the Project Bonds and, unless petitions of at least 5% of the registered voters of the District are filed with the Board of Trustees within 90 days after the date of such publication to request that a bond election be called in the District to authorize the issuance of the Project Bonds, no election shall be required to be held by the District prior to the issuance of the Project Bonds, provided that the Board of Trustees of the District determines that certain revenues to be so pledged will at least equal the amount required in each year for the payment of interest on and principal of the Bonds during the term thereof. Nevertheless, the Bonds will be general obligation bonds of the District and, to the extent that other moneys are not available for the payment of the Bonds, the Bonds will be payable from property taxes levied by the District. The Bonds being issued to refund the Refunded Bonds are being issued without an election pursuant to Nevada Revised Statutes 350.684.
Further notice is hereby given that, during the March 21, 2013 Board meeting described above, the Board will consider adoption of a resolution providing for the issuance of the Bonds.
Given this 7th day of March, 2013.
WEST WENDOVER RECREATION DISTRICT
| By | /s/ Kerry T. Robinson |
| Chair, Board of Trustees |