Diversified Capital Corp. v. City of North Las Vegas

*623OPINION

By the Court,

Zenoff, J.:

Prior to 1970, the City of North Las Vegas expended approximately $2,100,000.00 for general improvements to a tract of land within its boundaries known as Nellis Industrial Park Unit No. 1. Proceeds from the sale of bonds by the City were utilized to implement the improvements and an improvement district, comprised solely of the land within the park, was created against which assessments were levied to secure payment of the bonds.

In 1970, Diversified Capital Corporation owned the land occupied by the industrial park. It acquired the land from owners who had…