August 24, 2023

Commissioner Chambers

, 101 Radar Road, Tonopah, Nevada 89049. Cindy Kaminski, Nye County Representative Chelsy Fischer, Nye County School District Representative Robin Rivero, Public-at-Large Representative Vacant, Public-at-Large Representative Frank Jarvis, General Improvement District Representative Helen Bae, Nye County Administrative Technical Advisor Mark F. Kampf, Nye County Clerk and Ex-Officio Clerk of the Board Also Present: Kelly Sidman, Deputy Clerk; Elizabeth Jordan, Finance A roll call was taken.

Mrs. Rivero

made a motion to approve the agenda for August 24, 2023; seconded by

Mr. Jarvis

; 4 yeas.

Mrs. Rivero

made a motion to approve the minutes from the February 24, 2023, meeting of the Nye County Debt Management Commission; seconded by Mr. Jarvis; 4 yeas.

Mr. Jarvis

made a motion to hold the February, 2024, meeting on Thursday, February 8, 2024, at 9:00 a.m.; seconded by Mrs. Rivero; 4 yeas. August 24, 2023

Mrs. Kaminski

said in 10 years the School District had over $64 million in bonds. Her biggest concern was the Tonopah tax base had been cut drastically by the State, and Ray Ritchie had mentioned how the district tax rate was anticipated to be sufficient. Tonopah anticipated its stuff to be sufficient, but now there were huge drops in revenue affecting the town and the library. With Pahrump being the largest portion of the debt for the School District, Mrs. Kaminski wondered if they could be required to raise their tax rate or if they were at the maximum.

Mrs. Rivero

did not think the School District could increase the tax rate in Pahrump to carry the burden.

Ms. Fischer

had asked Mr. Ritchie if the bond would increase the tax rate and he said no. It was just renewing the bond at the current tax rate. She advised the new bond was going for the new Tonopah school which she believed was approved for $24 million.

Mrs. Rivero

said the answer to the question about whether any new bonds had been issued since July 1, 2023, said yes in the amount of $25,635,000.00 and she asked what that was for.

Ms. Fischer

believed that one was for the school, but another one was taken out to pay for new school buses.

Mrs. Rivero

noted the Tonopah school bond was issued, so they went out to bid again and must have gotten another bid for the elementary school.

Ms. Fischer

said yes and explained during the pandemic it was going to be like Hafen with masonry, but then the prices went way up with the original company they were going to use. They had to go out for bid again and it was approved with a modular company. She was concerned to find out how much it was so she went on the Web site. She was not happy with what she saw, but they assured her they would not be the metal building modulars and the architect was redrawing those.

Mrs. Rivero

wondered how a bond could be issued without having finalized architectural designs.

Ms. Fischer

said she understood they had to approve an amount before they could go out for bid.

Mrs. Rivero

mentioned that originally the Debt Management Commission approved a bond in the amount of $22 million. Since this was for $3 million more she wondered if it had to come back to the Commission. August 24, 2023 5. Review of the Debt Management Policies and Capital Improvement Plans for 2023-2024 of Nye County municipalities-Cont’d.

Ms. Fischer

said she would ask Mr. Ritchie.

Mrs. Kaminski

asked if the Tonopah high school football field upgrade included the bathroom and concession stand.

Ms. Fischer

said those should be included. As to the Duckwater school, Mrs. Kaminski said building 2 was to have major roof repairs done in June, 2014. She wondered if that was done.

Ms. Fischer

said she had questions about that as well and she had not been able to talk to Mr. Ritchie. That building was closed now, but it still had to be maintained for the employee there as he bused students to Eureka. However, there were a few estimates that she was a little confused as to why they were still on there.

Mrs. Kaminski

was concerned with the almost $3 million to replace the modulars at the Round Mountain elementary school with new modulars and repaint the entire exterior of all buildings. She asked why modulars instead of a permanent building.

Ms. Fischer

thought they were pretty old, but she was not sure on the specifics of why they wanted to replace them. She knew the principal was concerned with safety and single point entry, but she needed to get clarification on that one as well. Her concerns were the same as Mrs. Kaminski’s. When she thought modular she thought Mount Charleston and those buildings did not last that long. Ms. Fischer also did not want flat roofs on the new buildings.

Mrs. Rivero

pointed out there were no debt management reports for Round Mountain, Amargosa, and again the Northern Nye County Hospital District (NNCHD).

Ms. Jordan

explained the NNCHD did have a debt management policy, but nothing changed from previous years with the exception that they had an intent to enter into a Brownfields loan, which had not been approved by the Department of Taxation. She had conversations with some of the board members that they may repeal that action.

Mrs. Rivero

said she, and probably the taxpayers as well, would appreciate having locations tied to the proposed capital improvements for Nye County and she would like to see that on future debt management reports.

Ms. Fischer

advised there would be 1,700 new homes put in Mountain Falls and the schools in Pahrump were getting packed. She had asked District Attorney Brian Kunzi to find the time to go through the School District's master contract with Mountain Falls because she was told when it was originally put in they had to agree to have a school put in part of the master plan. The way those typically worked was either a builder August 24, 2023 5. Review of the Debt Management Policies and Capital improvement Plans for 2023-2024 of Nye County municipalities-Cont’d. agreed to pay for it and build it or it was possible they pay a monthly or yearly fee. She was looking into that as well because she did not want to be at the maximum bond and then need more schools. Ms. Fischer did not know where that money would come from and she would not vote to raise taxes. Mark Kampf asked if the County was at its maximum tax rate so anything done would just be a shifting of priorities of where the money went.

Ms. Jordan

said that was correct. Nye County was at its maximum. In order for one town to increase their tax base another jurisdiction would have to reduce a portion of their tax rate to fund that.

Mrs. Rivero

made a motion to specify the limitation at 98% and not less than 75% and to go with standard procedures on past priority for essential facilities such as public safety, education and health, and all others as non-essential facilities and services: seconded by Mr. Jarvis; 4 yeas.

Mrs. Kaminski

adjourned the meeting. APPROVED this _<** day ATTEST: Of__febrauan, , 2024 ‘DMC Chair ” Nye County Clerk / Deputy