City of Hays Agenda Packet 2026-06-18
Developer pursues RHID for Lincoln School project
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Description
Michael D. Graham Investments LLC seeks a pay-as-you-go RHID arrangement with the City of Hays for the Lincoln School redevelopment, using up to 25 years of incremental property tax revenue to reimburse an estimated $4.3 million in eligible project costs. A Development Agreement will be finalized following establishment of the RHID and adoption of the Development Plan.
Contract Details
Vendor
MICHAEL D. GRAHAM INVESTMENTS LLC
Agency
City of Hays, KS
Contract Type
FACILITIES
Document Date
June 18, 2026
Contract Term
Up to 25 years of RHID collections (proposed)
Renewal Date
2051-09-30
Renewal Info
Proposed RHID term not to exceed 25 years or full reimbursement of eligible costs; no City-issued bonds, reimbursement solely from RHID revenues.
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