During a recent council meeting in North Las Vegas, significant discussions centered around infrastructure planning and financial strategies for the city. The council reviewed the 2023 master plan update, which outlines priorities for flood control projects. Council members inquired about the prioritization process for these projects, emphasizing the importance of addressing critical problem areas based on community needs. The city collaborates with regional flood control authorities to determine which projects are implemented first, with developers also playing a role in infrastructure development as they build new projects.
In a separate agenda item, the council discussed Resolution Number 2733, which pertains to the issuance of general obligation limited tax water and wastewater refunding bonds. Finance Director William Riggs reported on efforts to refinance Build America bonds associated with the wastewater treatment plant, which could save the city approximately $1.8 million. The city is currently evaluating proposals from banks, with Wells Fargo selected as the preferred underwriter. Riggs noted that the timing of the refinancing will depend on market conditions, aiming to secure the best possible interest rates for the city.
Additionally, the city manager provided an update on community health, expressing gratitude for the support shown to Officer Schmidt, who recently returned home after a lengthy hospital stay. The manager highlighted the collaborative efforts of the police department and the community in supporting Officer Schmidt during his recovery, underscoring the strong bonds within the city’s public service teams.
The meeting concluded with motions to adopt the master plan update and the resolution for the bond issuance, both of which passed unanimously, reflecting the council's commitment to advancing the city's infrastructure and financial health.