This meeting uh uh going to call to order, would you uh a call roll, please?

Here.

Vice Chair Providente here.

Commissioner Horton.

Commissioner Sonata.

Commissioner Walt.

Okay, we have a quorum.

And I see no citizens in the audience unless the two uh non citizens want to make a comment.

Uh three for possible action is the approval of the minutes, uh, August fifth, two thousand twenty-five.

Each of you received a copy of that set, and if you uh unless you have any suggestions for modification, I'll entertain a motion to approve the uh the minutes as drafted.

Aye.

Uh Molly Walt for the record, I'll abstain.

Okay.

Uh as a matter of fact, welcome, Molly.

Uh uh 4A uh for possible action, discussion and possible action regarding the reapportionment of uh or the reappointment of of Nick Providenti, Don Hathaway, Mary Sonata to the debt management commission as at large representatives for each for a two-year term ending December 31, 2027.

And the way the statutes are outlined, as you can see in the staff report, the two elected representatives on this board uh are the ones that make the appointment.

So I would need a motion and a second by so moved.

Oops.

Molly second moved.

Second.

Okay.

Uh and and we don't vote.

So the all those in favor say aye.

Okay.

We're back on again.

4B, discussion and possible action regarding the election of chair and vice chair of the debt management commission for calendar year 2026.

Mr.

Chair.

Yes.

Just for the record, I just wanted to clarify that that last vote was uh two two zero with the two two elected officials uh voting in favor of them.

Thank you.

I would like to nominate uh our current chair.

Okay.

And how about the vice chair?

You want to throw it.

Sure, let's put Nick in there as vice chair.

Okay.

Do I have a motion or a second?

Second.

Okay.

All those in favor say aye.

Aye.

Aye.

Thank you.

Uh 4C, discussion and possible action regarding the department of uh Nevada Department of Taxations annual local government indebtedness report as of June 30th, 2025.

I have some comments, please.

Good morning.

This is Sherry Russell, CFO of Carson City for the record.

And uh so this is an annual report done by the state uh accumulation of all the debt in the state.

Um I like to focus on page 23 of your packet.

That is for counties.

And uh at the very top is Carson City.

Um please note that we have outstanding debt of 126, 864, 493.

I feel like the numbers keep getting smaller and smaller.

So um I thought it helpful to read them out.

Um, and then the current legal debt margin available is 254, 921,030.

Um, so are available is between the outstanding debt and the legal debt margin uh 128.056, 537.

We do have a 15 percent um indebtedness, the most are 10 percent of um assessed value.

We actually have 15 because we're both a city and a county.

So if there's any questions, um we do look kind of large compared to some of our counterparts, um, but please remember um we are consolidated, so uh cities underneath of counties would have their own debt, like in Reno, they've got Tomwa, they've got their own debt, and we carry all of that.