OPENPUBLICA · PUBLIC MEETING RECORD
Record of Proceedings

Clark County Water Reclamation District Board Approves Bond Refunding on April 15, 2026

Meeting Portal — Wednesday, April 15, 2026
BodyClark County, Nevada
SessionMeeting Portal
DateWednesday, April 15, 2026
StatusFILED
Video Record
Meeting Thumbnail
⇩ GET FROM SOURCE

STREAMING COPY IN PREPARATION — RECORDING AVAILABLE FROM THE ORIGINAL SOURCE

Transcript — Verbatim
0:03

Okay, so we're gonna go ahead and we've called the meeting to order.

0:07

We'll start with roll call, please.

0:09

Chair Parker?

0:10

Here.

0:11

Vice Chair Stewart is absent.

0:13

Commissioner Becker?

0:14

Here.

0:15

Councilman Churchill.

0:19

Councilwoman Kelly?

0:20

Here.

0:21

Councilwoman Fielding?

0:23

Absent.

0:24

But we have Mayor Whipples listing in her absence.

0:29

Councilwoman Jorgensen.

0:35

Yolanda King.

0:38

Present.

0:38

Commissioner Naft.

0:40

Absolutely Dan Shaw.

0:43

Absent.

0:44

Emily Stevens?

0:46

Sure.

0:48

Okay.

0:50

So we have enough to move forward.

0:52

Okay, so the first item on the agenda is comments by the general public.

0:56

Do we have anybody on the phone?

0:59

Hearing no one.

1:00

Do we have anybody in person?

1:02

No.

1:02

We're gonna go ahead and close the public hearing and we'll go to the first item.

1:05

The first item is approval of the agenda.

1:08

Entertain a motion to move to approve the agenda, Kara Kelly.

1:12

I'll second.

1:12

And I have a second by Commissioner Becker.

1:15

Any discussion on the agenda?

1:17

Hearing none.

1:18

All those in favor, please say aye.

1:20

Aye.

1:21

Opposed?

1:22

Aye.

1:23

Motion carries.

1:24

The next item is item number two is approval of the minutes of the regular meeting for February 5th, 2026.

1:32

Do I have a motion?

1:34

I have a motion by Commissioner Becker.

1:36

A second by Councilwoman Kelly.

1:39

Any discussion on the minutes.

1:42

Hearing and seeing none.

1:44

All those in favor, please say aye.

1:46

Aye.

1:46

Aye.

1:47

Aye.

1:48

Aye.

1:49

Opposed.

1:50

That motion carries.

1:52

The third item on the agenda is to approve, adopt, and authorize the chair to send a resolution concerning the proposal to issue a Clark County water reclamation, uh general obligation, refunding bond.

2:03

Good morning.

2:04

Morning, Kathy Siselak and Tom Holt.

2:06

Ryan Henry, sorry.

2:09

Cathy Slack municipal advisor to the district, and Ryan Henry is bond counsel to the district.

2:14

And we have Tom and Winnick again and add staff from the district.

2:18

Um this item there exists a refunding opportunity to refund bonds issued previously issued by the district in 2015 and 16 for interest rate savings.

2:29

So this is for savings, and to be certain that the bonds are accept from abatement.

2:34

The DMC is required to find that there they do not anticipate that an advalorm tax rate will be necessary to refund the bonds.

2:43

The bonds will be general obligations of the district, but will be repaid by district revenues, so we do not believe that there will be a tax rate impact.

2:52

The information in the backup includes uh sufficient data for uh you to make this finding.

3:00

Page four shows the anticipated savings from the series 2015 and 16 bonds.

3:07

It is estimated the gross savings will be approximately seven and a half million, or and net present value savings of about six point one eight million, uh which is three percent of the refunded bonds.

3:20

What did you say the number was again?

3:23

6.1% net present value savings, 6.1 million net present value savings, which is approximately 3% of refunded bonds, as we have before.

3:34

When we do go to bond sale, we will notify you as to the actual savings that uh we'll send via email, so you'll know the final results, and then flipping through page to page eight, you'll see the coverage ratio, which means the revenues uh over the bonds, the death service.

3:55

So you'll see on the last line where the coverage is over two times, and then it goes to six times coverage, so that indicates there's plenty of revenue to pay for these obligations.

4:07

This concludes my presentation.

4:09

Any questions?

4:10

Does anybody have any questions of uh Kathy Siseleck?

4:16

None.

4:18

This is an item that at least on the county we've already seen at least once.

4:22

So this is a typical refunding.

4:24

This is the best time to have be ready, government ready so that we can go to the market when the market is in the best place for us.

4:32

So um, because it takes so long through our process.

4:35

Uh so I don't uh have any issues.

4:38

Anyone have any concerns?

4:40

Anybody on the phone?

4:41

Yolanda, any questions?

4:44

Well, no, no question.

4:47

Thank you.

4:48

Okay, I would uh do we need to can I just ask?

4:51

We don't need to say that uh should there be an ad velor tax that it would be outside of the property tax cap.

4:58

No, okay.

5:00

So I would entertain a motion to approve, uh, with noting that they will send us a document when uh they go to market so they can tell us what they got.

5:11

I'll make that motion.

5:12

Okay, I have a motion by Councilwoman Kelly.

5:15

Second by Commissioner Becker.

5:17

Any discussion?

5:19

See a none.

5:20

All those in favor, please say aye.

5:23

Aye.

5:24

Aye.

5:24

Aye.

5:25

Aye.

5:26

Opposed.

5:28

That motion carries.

5:30

Uh thank you, Mayor Whipple.

5:31

I'm gonna let you off the hook.

5:33

Appreciate ya.

5:36

Uh so that uh was painful but fast once we got to it.

5:43

Uh this is the second time set aside for public comment.

5:46

Anybody have any public comments on the phone?

5:51

Anybody have any in person?

5:53

Seeing none, we are adjourned.

5:56

Thank you.

5:57

Thank you.

5:59

Oh good Lord.

6:00

This has got to be a better day to came out of the case.

6:04

Yes, let me.

6:05

And I was gonna say I was gonna email it to you right after it's uh three sixty one.

6:17

Subsections.

6:19

Okay.

6:19

Okay, yes.

6:22

Yeah, okay.

Discussion Breakdown — Share of Meeting
Procedural█████████████████████████████████████████████68%
Water And Wastewater Management█████████████████████32%
Summary of Proceedings

Clark County Water Reclamation District Board Approves Bond Refunding on April 15, 2026

The board of the Clark County Water Reclamation District held a meeting on April 15, 2026, with Chair Parker presiding. The board approved the agenda, the minutes from the previous meeting, and a resolution authorizing the refunding of existing bonds. No public comments were received during the two designated comment periods.

Consent Calendar

  • Approval of Agenda: Moved by Councilwoman Kelly, seconded by Commissioner Becker, and approved unanimously.
  • Approval of Minutes: The minutes of the regular meeting of February 5, 2026, were approved via motion by Commissioner Becker and second by Councilwoman Kelly, with all in favor.

Discussion Items

  • Resolution for General Obligation Refunding Bonds: The board considered a resolution to approve, adopt, and authorize the chair to send a resolution regarding the issuance of Clark County Water Reclamation District general obligation refunding bonds. Kathy Siselak (municipal advisor) and Ryan Henry (bond counsel) presented the refunding opportunity for the district’s 2015 and 2016 bonds. The estimated gross savings are approximately $7.5 million, with net present value savings of about $6.18 million, representing 3% of the refunded bonds. The bonds will be repaid from district revenues, and no ad valorem tax rate is anticipated. Coverage ratios exceed 2x and reach 6x, indicating sufficient revenue. The board will be notified of the actual savings after the bonds are sold. A motion by Councilwoman Kelly, seconded by Commissioner Becker, carried unanimously.

Key Outcomes

  • The board approved the refunding bond resolution, enabling the district to proceed with issuing refunding bonds when market conditions are favorable.
  • The district’s financial team will report final savings figures to the board via email following the bond sale.
  • The meeting adjourned after a second public comment period, during which no comments were received.

Meeting Transcript

Okay, so we're gonna go ahead and we've called the meeting to order. We'll start with roll call, please. Chair Parker? Here. Vice Chair Stewart is absent. Commissioner Becker? Here. Councilman Churchill. Councilwoman Kelly? Here. Councilwoman Fielding? Absent. But we have Mayor Whipples listing in her absence. Councilwoman Jorgensen. Yolanda King. Present. Commissioner Naft. Absolutely Dan Shaw. Absent. Emily Stevens? Sure. Okay. So we have enough to move forward. Okay, so the first item on the agenda is comments by the general public. Do we have anybody on the phone? Hearing no one. Do we have anybody in person? No. We're gonna go ahead and close the public hearing and we'll go to the first item. The first item is approval of the agenda. Entertain a motion to move to approve the agenda, Kara Kelly. I'll second. And I have a second by Commissioner Becker. Any discussion on the agenda? Hearing none. All those in favor, please say aye. Aye. Opposed? Aye. Motion carries. The next item is item number two is approval of the minutes of the regular meeting for February 5th, 2026. Do I have a motion? I have a motion by Commissioner Becker. A second by Councilwoman Kelly. Any discussion on the minutes. Hearing and seeing none. All those in favor, please say aye. Aye. Aye. Aye.

SUMMARIZED BY OPENPUBLICA AI
TRANSCRIPT VIA PUBLIC VIDEO
openpublica.com