Reno clears $9.5m Talus Valley utility bond issue
City of Reno, Nevada · Meeting date: November 4, 2026 · Published: November 5, 2026
Reno City Council has adopted the three ordinances required to create and finance utility works for the 66.66-acre Talus Valley Special Assessment District. The programme will be funded through assessments on property benefiting from the local improvements and bonds capped at $9.515 million.
Key points
- Council approved the creation of the 2026 Special Assessment District No. 1 (Talus Valley), ordering sanitary sewer, storm sewer and water projects.
- The district covers approximately 66.66 acres in south Reno, north of South Meadows Parkway and west of Veterans Parkway.
- Council authorised Series 2026 local-improvement bonds with aggregate principal of up to $9.515 million.
- A separate ordinance assesses the costs of the local improvements against benefited assessable property.
Full report
Reno City Council has put the financing structure in place for water, wastewater and stormwater infrastructure at Talus Valley, approving a special assessment district and authorising up to $9.515 million of local-improvement bonds.
The council adopted ordinances creating the City of Reno 2026 Special Assessment District No. 1, ordering a sanitary sewer project, storm sewer project and water project within the district. It also approved the assessment of improvement costs against assessable property benefiting from the works.
The district encompasses approximately 66.66 acres in south Reno, on the north side of South Meadows Parkway and west of Veterans Parkway.
The third ordinance authorises the issuance and sale of the district's Series 2026 local-improvement bonds, with aggregate principal not to exceed $9.515 million. The ordinance also approves the form of documents associated with the bond sale and ratifies actions already taken by city officers towards issuance.
Together, the measures establish a project-specific mechanism under which the utility works are ordered, their costs are assessed to benefited properties and debt can be issued to finance the improvements.
The approvals came as Reno also advanced sewer-system planning elsewhere in the city through its consent calendar. Council approved a consultant agreement with Lumos & Associates for design services for the 2027 Inflow & Infiltration Mitigation Project, funded from the Sewer Fund, for an amount not to exceed $463,480. The separate agreement covers Wards 1, 2 and 3, while the Talus Valley district is located in south Reno.
This summary was generated by AI based on the source document and may contain errors.
Source: Reno City Council Meeting, City of Reno