October 18, 2021

Commissioner Chambers

, 101 Radar Road, Tonopah, Nevada 89049. Cindy Kaminski, Nye County Representative Mark Owens, Nye County School! District Representative Robin Rivero, Public-at-Large Representative Stacey Parmenter, Public-at-Large Representative Vacant, General Improvement District Representative Savannah Rucker, Nye County Administrative Technical Advisor Sandra L. Merlino, Nye County Clerk and Ex-Officio Clerk of the Board Also Present: Kelly Sidman, Deputy Clerk Not Present: Cindy Kaminski, Nye County Representative Mark Owens, Nye County School District Representative, was not present at this time. Robin Rivero assumed the Chair of the Debt Management Commission. A roll call was taken.

Mr. Jarvis

made a motion to approve the agenda for today; seconded by Ms. Parmenter; 3 yeas.

Mrs. Parmenter

made a motion to approve; seconded by Mr. Jarvis; 3 yeas. October 18, 2021

Mr. Owens

should be calling in momentarily. The Commission took a brief recess.

Mr. Johnson

reviewed the financial packet in support of the proposal, which contained the criteria the Commission should consider when looking at these proposals. The District was planning to use the proceeds from this $30 million financing to improve athletic fields and equipment related to those field, provide for transportation needs in terms of students and buses, and also to construct a replacement elementary school in Tonopah.

Mrs. Rivero

mentioned the Commission had only had access to the eight year old capital improvement. She did not recall receiving or looking at the new plan and asked if there was a complete new plan.

Mr. Ritchie

said as noted in his capital improvement plan, due to COVID they were not able to complete that. Now that the restrictions on COVID had been lifted they were working on that. A draft was being reviewed by the director of maintenance and operations. Once that was completed it would go before the board and would be submitted to the Commission as an updated and revised version.

Mrs. Rivero

asked if the $5 million set aside for the repairs and equipment, etc., was based loosely off of the old five-year plan that was $17 million or if it was a whole new set of goals.

Mr. Ritchie

explained the $5 million was for the athletic field and others things identified in the report. There was $25 million for construction of the school and $5 million for projects that needed to be done around the District.

Mrs. Rivero

stated the NRS required a five-year debt management plan, and when a bond was asked for there needed to be a valid five-year plan. She was trying to tie them together. She thought it could loosely be said these would fall within the five-year plan and probably would when the new plan was done. October 18, 2021 4. For Possible Action — Discussion and deliberation to adopt, amend and adopt, or reject Nye County Debt Management Commission Resolution No. 2021-02, a resolution concerning the submission to the Nye County Debt Management Commission by the Nye County School District of a proposal to issue general obligation school improvement bonds in the maximum aggregate principal amount of $30,000,000.00; concerning action taken thereon by the Commission: and approving certain details in connection therewith-Con't.

Mr. Ritchie

said that was correct.

Mrs. Rivero

asked if there was an estimate for the new school and if a location had been determined.

Mr. Ritchie

said they had an architect draw up two specs, one putting it on the existing elementary school in Tonopah and one adding on to the northwest side of the Tonopah High School. The projections were running about $17 million to $18 million. They would then have to go out to bid, but the bid could come in anywhere.

Mr. Owens

asked Mr. Ritchie if he had a timeframe for the five-year plan.

Mr. Ritchie

said he needed to follow up with the director and find out the status. Once it was done he would submit it to the Commission.

Mrs. Parmenter

made a motion to approve; seconded by Mr. Owens; 4 yeas.

Mrs. Parmenter

restated her motion to approve Resolution No. 2021-02 and certain details in connection therewith; Mr. Owens restated his second; 4 yeas.

Mrs. Rivero

adjourned the meeting. APPROVED this gin day ATTEST: Of Feh mean , 2022 j Kh pea YVkikman ME Chair Nye Cotinty Clerk / Deputy