A. Major Expenses Related To Formation And Operation: The initial costs of fire district formation are to be borne by CSI and its development partners. Once the fire district is created, it will incur typical operational costs of similar service providers. The fire district will incur personnel costs of wages and benefits; services and supplies; utilities; legal and audit; and other costs. It is anticipated that the fire district will impose certain assessments, rates, tolls and charges as authorized by law from time to time and to the extent necessary and in cooperation with Lincoln County, through property taxes levied upon the taxable properties within the fire district as authorized by law from time to time in order to provide the revenue necessary to support administrative, operational, and maintenance costs.
B. Financing Construction, Maintenance And Operation: The fire district will utilize Nevada Revised Statutes chapter 271, the consolidated local improvements law and chapter 350, the local governments securities law to finance the construction or acquisition of the capital projects that are undertaken as a result of the service plan. The authorized revenue sources and the security for the other indebtedness are described within this chapter. The maintenance and operation of these capital facilities will be funded through the imposition of certain assessments, rates, tolls and charges as authorized by law from time to time and to the extent necessary and in cooperation with Lincoln County, through property taxes levied upon the taxable properties within the fire district as authorized by law from time to time. (Res. 2005-07, 5-4-2005)