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Council approves temporary interfund loan up to $136 million for property acquisition near Charleston Boulevard

2504110 · March 5, 2025
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Summary

The council approved a resolution authorizing a short‑term interfund loan of up to $136,000,000 from the Sanitation Enterprise Fund to the Liability Insurance and Property Damage Fund to bridge cash flow for the city's planned property purchase near Charleston Boulevard and Wallapai Way.

The City Council on March 5 approved a resolution authorizing a temporary interfund loan of up to $136,000,000 from the City of Las Vegas Sanitation Enterprise Fund to the Liability Insurance and Property Damage Fund to support the acquisition of real property near the intersection of Charleston Boulevard and Wallapai Way.

Chief Financial Officer Susan Heltzley told council members…

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