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Agenda Item

11. 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 National Finance Authority (New Hampshire) of not to exceed $33,000,000 of Lease Revenue Bonds on behalf of NCCS-UNR Fieldhouse Properties LLC (the "Borrower") 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 (a) finance the cost of the design, development, construction and equipping of (i) an approximately 73,700 square foot indoor all sport fieldhouse and related amenities, (ii) an approximately 85,796 square foot outdoor turf football practice field, and (iii) an approximately 106,078 square foot turf intermural field to be located on the campus of the University of Nevada, Reno (collectively, including related site development, utility, equipment and other improvements, the "Project"); and (b) pay expenses incurred in connection with the issuance of the Bonds, including the costs of bond insurance or other credit enhancement, if requested by the Borrower. The Project (a) will be owned and operated by the Board of Regents of the Nevada System of Higher Education, on behalf of the University of Nevada, Reno (the "University") or its designee; (b) will be located on land owned by the University and leased to the Borrower, and (c) will be subleased by the Borrower to the University. 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 Nevada System of Higher Education. Manager's Office. (All Commission Districts.) FOR POSSIBLE ACTION

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