Public Information
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Public Meetings
The VVWD Board of Directors meet the 1st and 3rd Tuesday of every month at 5:00 p.m. at the VVWD Office.
Public Records Request
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Please understand there is a charge for copies of public records. Further, if the estimated cost of the copies you have requested is $25.00 or more, you will be required to pay in full prior to reproduction. Materials will be held for 14 days. If not retrieved, you will be charged in full for a second reproduction in addition to any unpaid original charges. Advance payment will be forfeited if the material is not retrieved.
1999-07-14: Issuance of Bonds
WHEREAS, pursuant to Chapter 100, Statutes of Nevada 1993, as amended (the "District Act"), 350.500 to 350.720, inclusive, Nevada Revised Statutes (the "Bond Act") and 350.350 to 350.490, inclusive, designated in 350.350 as the "Water and Sewer Revenne Bond Law" (the "Water and Sewer Act"), the Board (the "Board") of the Virgin Valley Water District (the "District"), Nevada is authorized to issue revenue bonds in order to finance wholly or in part the costs to acquire, construct, or improve lands, easements, water rights, water, waterworks or projects, conduits, pipelines, wells, reservoirs, structure, machinery and other property useful or necessary to store, convey, supply or otherwise deal with water to carny out the powers of the District set forth in Section 3 of the District Act (the "Project").
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF
VIRGIN VALLEY WATER DISTRICT, NEVADA:
Section 1. This resolution and may be cited by the short title "1999 Water Bond Sale Resolution."
Section 2. The District Manager or his designee is hereby authorized to arrange for the issuance and sale of the "Virgin Valley Water District, Nevada Water Revenue Bonds, Series 1999" (the "Bonds") to finance all or any part of the Project, in accordance with the District Act, Bond Act and the Water and Sewer Act.
Section 3. The District Manager or his designee is authorized to specify the terms of the Bonds, the final principal of the Bonds (not in excess of $10,000,000) the terms of their repayment and security therefor, and other details of the Bonds; and if appropriate, to advertise the Bonds for public sale, and to execute a contract for the sale or accept bids for Bonds, subject to NRS 350.105 to 350.195, inclusive, and to ratification by the Board by adoption of one or more ordinances authorizing the issuance of the Bonds.
Section 4. The officers and employees of the District are hereby authorized to take all action necessary or appropriate to effectuate the provisions of this resolution, including
without limitation (a) assembling of financial and other information concerning the District, the Project, and the Bonds, and (b) preparing, approving and circulating an official statement for the Bonds, and, if deemed appropriate by the District Manager or his designee, preparing and circulating a preliminary official statement in the form specified by the District Manager or his designee. The District Manager or his designee is authorized to deem the official statement or preliminary official statement to be a "final" official statement on behalf of the District for the purposes of Rule 15c2-12 of the Securities and Exchange Commission.
Section 5. In order to permit the District to reimburse itself for prior expenditures relating to the Project with the proceeds of bonds, the Board hereby determines and declares as follows:
- The District reasonably expects to incur expenditures with respect to the Project prior to the issuance of bonds for financing the Project and to reimburse those expenditures from the issuance of bonds; and
- The maximum principal amount of bonds expected to be used to reimburse such expenditures is $10,000,000.
Section 6. This resolution shall be effective on its passage and approval.