City of Dodge City Agenda 2026-06-15
Water Rights Contract Approved with Reinert Partnerships
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Description
The City of Dodge City approved a Water Rights Sale Contract with Reinert Partnerships for a portion of 3,732 acre-feet of water rights priced at $10 million in total. Payment includes $2.5 million at closing and $7.5 million financed over 20 years at 3.5% interest secured by a mortgage on the water rights.
Contract Details
Contract Amount
$10,000,000.00 (total purchase price; $2,500,000 at closing, $7,500,000 over 20 years at 3.5% interest)
Vendor
REINERT PARTNERSHIPS
Agency
Dodge city Housing Authority, KS
Contract Type
OTHER
Document Date
June 15, 2026
Contract Term
20-year installment payment period beginning January 1, 2027; closing on or about July 1, 2026
Renewal Date
2047-01-01
Renewal Info
Installment obligation note runs 20 years with equal annual payments; no renewal but prepayment is allowed without penalty.
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