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Lyon County approves resolution asking Public Building Commission to offer revenue bonds for sale
Summary
The Commission approved Resolution 22-25 asking the Public Building Commission to offer its revenue bonds for sale after a Stifel representative outlined bond and lease revenue options including a 10-year structure with ability to pay early.
Lyon County Controller Dan Williams presented a resolution (22-25) requesting the Public Building Commission offer for sale its PBC revenue bonds. David Arterberry of Stifel explained options for lease revenue bonds, including a 10-year option with the ability to pay off early.
Following the presentation, Vice-Chair Chris Bartel moved to approve Resolution 22-25; the motion passed with Chairman Ken Duft, Vice-Chair Bartel and Commissioner Doug Peck recorded as voting aye. The resolution authorizes the PBC to proceed with offering the revenue bonds for sale; further structural and sale details will be determined by the PBC and its financial advisors.
