Basehor City Council Regular Meeting/Work Session Agenda Packet 2026-06-10
Developer share set for Grayhawk Phase 6 improvements
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Description
The City of Basehor confirmed financing arrangements with Reilly Development, LLC for Grayhawk at Prairie Gardens, Phase 6, with total construction and engineering costs of $1,852,894. Of this amount, $1,420,894 will be paid by the developer and $432,000 will be repaid via 20-year special assessments of $600 per year per lot, supported by special obligation revenue bonds purchased by the developer.
Contract Details
Contract Amount
$1,420,894.00 (developer share of $1,852,894.00 total construction and engineering costs)
Vendor
REILLY DEVELOPMENT LLC
Agency
City of Basehor, KS
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
Special assessments of $600 per year per lot over 20 years (Grayhawk at Prairie Gardens, Phase 6)
Renewal Date
2046-06-10
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