NOTICE OF INTENTION TO AUTHORIZE A

89451 | 04/19/2019 | Ad id: 7-0000411147
Details

NOTICE OF INTENTION TO AUTHORIZE A MEDIUM-TERM INSTALLMENT PURCHASE AGREEMENT Notice is hereby given that the INCLINE VILLAGE GENERAL IMPROVEMENT DISTRICT, State of Nevada, will hold a public hearing at a regular meeting to be held on MAY 1, 2019 at the hour of six o'clock (6 P.M. PST) in the CHATEAU, 955 FAIRWAY BLVD, INCLINE VILLAGE, NV to act upon a Resolution Authorizing a Medium-Term Installment Purchase Agreements in the amount not exceed a total of $800,000.00 to enable the INCLINE VILLAGE GENERAL IMPROVEMENT DISTRICT to acquire a Fairway Mower for the Championship Golf Course at $92,000, Golf Carts for the Mountain Golf Course for $288,000, and a Snow Cat for the Diamond Peak Ski Resort for $390,000 and $30,000 contingency. The proposed obligation is to be repaid by revenues of the Community Services Special Revenue Fund, which is a part of the INCLINE VILLAGE GENERAL IMPROVEMENT DISTRICT. The Community Services Special Revenue Fund will budget for the payments each year as an operating expenditure for the venue using the equipment. The installment purchase agreement will be in the form of a qualified tax­exempt obligation under a Master Equipment Lease/Purchase Agreement with the California First National Bank for a term of five (5) years and include a residual final payment. All persons are invited to attend and to be heard regarding the proposed action. Prior to the hearing, written comments may be filed with the INCLINE VILLAGE GENERAL IMPROVEMENT DISTRICT District Clerk and will be considered. You may submit your written comments via e-mail addressed to Email Me. Pub: April 19, 2019 Ad#0000411147