Episode 113 – Public Infrastructure Financing in Nevada with Scott Shaver and Jake Campos: Part 1

In this episode, you’ll learn:

• Why Nevada uses three names for the same financing structure. These are local improvement districts (LIDs), special improvement districts (SIDs), and special assessment districts (SADs).
• How cities and counties form and govern districts, and why those districts are not separate political subdivisions.
• How land and assessments secure most developer district bonds, without a city or county general-fund repayment pledge.
• Why Southern Nevada has used district financing more widely, and how its use in Northern Nevada is changing.
• Which improvements districts can finance, including streets, curb and gutter, wet utilities, and parks. They also explain statutory limits for schools and fire stations.
• Why Nevada districts generally reimburse developers after they complete improvements. However, the law also allows districts to finance construction with bond proceeds.
• How signing a district financing agreement affects prevailing wage rules. They also discuss a different interpretation in one jurisdiction.

Show Notes:

Referenced statute: Nevada Revised Statutes (NRS) 271.

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1. Prepare a Special Tax District Bond Analysis for your Project

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2. Add Favorable Financing Language to Annexation and/or Development Agreements

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3. Perform The RED Analysis™ on your Project

   – Launch developed The RED Analysis™ to review your project’s infrastructure costs. Our team looks for ways to Reduce, Eliminate and Defer construction costs. In turn, these changes can help improve project returns. Contact Carter Froelich for more information.

4. Track Your Reimbursable Costs Utilizing The Launch Reimbursement System™ (“LRS”)

   – Use The Launch Reimbursement System™ (“LRS”) to track your district eligible costs. Launch manages cost tracking and prepares electronic reimbursement submittal packages. In addition, our team processes your requests with the district, jurisdiction, and/or agency. Contact Curry Froelich for more information.