Basehor City Council Agenda Packet 2026-05-27
Improvement District Agreement for Grayhawk Phase 6 with Reilly Development
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Description
The City of Basehor approved Resolution 2026-08 and an Improvement District Development Agreement with Reilly Development, LLC for Grayhawk at Prairie Gardens Phase 6, establishing $12,000 per lot in special assessments over 20 years toward an estimated $1,852,894 in infrastructure costs. The agreement anticipates issuance of special obligation revenue bonds in June 2026 to reimburse the developer and fund public improvements.
Contract Details
Contract Amount
$1,852,894 (estimated project cost); $432,000 from assessments; $1,420,894 developer share
Vendor
REILLY DEVELOPMENT LLC
Agency
City of Basehor, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 23, 2026
Contract Term
Special assessments over 20 years; bonds anticipated June 10, 2026
Renewal Date
2046-12-31
Renewal Info
Special assessment financing over 20 years; no traditional renewal, but potential for future phases under similar agreements.
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ONGOINGBasehor City Council Agenda Packet 2026-05-27
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DISCUSSEDbasehor_city_council_regular_meeting_agenda_novemb.pdf
PENDINGMore from City of Basehor
Basehor City Council Regular Meeting/Work Session Agenda Packet 2026-06-10
Basehor City Council Agenda Packet 2026-05-27
Basehor City Council Agenda Packet 2026-05-27
Basehor City Council Agenda Packet 2026-05-27
Basehor City Council Agenda Packet 2026-05-27
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