Agenda Item No: 14.a
Carson City Consolidated Municipality Logo
STAFF REPORT
 
Report To:
Board of Supervisors
Meeting Date:
September 3, 2026
 
Staff Contact:
Sheri Russell-Benabou, Chief Financial Officer
 
Agenda Title:

For Possible Action: Public hearing, discussion and possible action regarding a proposed resolution (1) authorizing the preparation of a lease-purchase agreement in the maximum aggregate principal amount of $30,000,000 for the purpose of financing the cost of a building project, including, but not limited to, a City Hall project; (2) directing the Clerk-Recorder to notify the Carson City Debt Management Commission of the City's proposal to enter into such lease purchase agreement; (3) directing the City's Chief Financial Officer or the City Manager to forward necessary materials to the Department of Taxation of the State of Nevada; and (4) providing the effective date hereof.  (Sheri Russell-Benabou, srussell@carsoncity.gov)  

 
Agenda Action:
Resolution
Time Requested:
30 Minutes
 

Proposed Motion

I move to adopt Resolution #___________.

Board's Strategic Goal
Sustainable Infrastructure
Previous Action

August 22, 2026 - Notice of a public hearing was published in the Nevada Appeal as required under NRS 350.087(3).

 

July 16, 2026 (Item 24A) - The Board of Supervisors ("Board") approved the lease purchase terms as presented and directed staff to continue with all preparatory tasks to complete a draft lease purchase agreement.

 

March 19, 2026 (Item 18A) - The Board directed the City Manager to initiate due diligence and commence preparatory tasks for entering into agreements with the HMAF for the new City Hall. 

 

February 21, 2025 (Item 5B) – The Board considered space, location, and building needs of various departments and elected officials, and a proposal from the HMAF to construct a new City Hall with a parking garage. 

 

September 1, 2022 (Item 15A) – The Board of Supervisors ("Board") was presented with an update of the City’s space needs and options for addressing future space needs at the Courthouse and various other space needs of the City. 

 

February 25, 2022 (Item 5D) – The Board considered space and building needs for the location of various departments and elected officials and directed City staff to explore expanding the Courthouse to meet future space needs. 

 

September 2, 2021 (Item 20B) – The Board adopted the Carson City Fiscal Year ("FY") 2022-2026 Strategic Plan. 

 

July 15, 2021 (Item 18B) – The Board directed City staff to proceed with all preparatory tasks required to dispose of certain City property and acquire 600 E. William Street. 

Background/Issues & Analysis

The Board proposes to enter into a lease-purchase agreement with a maximum aggregate principal amount up to $30,000,000 to finance all or a portion of the cost to acquire, construct, improve and equip a building project as defined in NRS 244A.019, including without limitation, a City Hall project. The proposed resolution is designated by short title as the "2026 Lease Purchase Agreement Authorization Resolution".  This resolution authorizes the preparation of the lease-purchase agreement and authorizes the Carson City Clerk-Recorder and the Carson City Chief Financial Officer to take all actions necessary to effectuate the provisions of this resolution, including, without limitation, forwarding all necessary documents to the Carson City Debt Management Commission and the State of Nevada, Department of Taxation, as applicable.   

 

Pursuant to NRS 350.087, a public hearing will be held prior to consideration of this resolution, and this resolution must be adopted by a two-thirds vote of the Board.

Applicable Statute, Code, Policy, Rule or Regulation
NRS Chapters 244, 244A, 332 and 350
Financial Information
Is there a fiscal impact?    Yes
If yes, account name/number:   

Debt Service Fund 410 - If approved, specific account numbers will be created. 

Is it currently budgeted?   No
Explanation of Fiscal Impact:   

Estimated annual debt service payments of $1,964,000, payable from legally available funds of the City, for a period of not more than 30 years.  

Alternatives

Do not approve the resolution, thereby electing not to pursue financing for a new City Hall project. 

Attachment(s):
Authorizing Resolution 200874281 9-3-2026.pdf

Notice of Public Hearing-200874576-v4.pdf

Late Material - Public Comment Item 14a.pdf

Motion: _________________
1) ________________
2) ________________
Aye/Nay
__________
__________
__________
__________
__________
 
_____________________________
(Vote Recorded By)