City of Hays Agenda Packet 2026-05-07
IRB intent resolution sought for Willow Grove project
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Description
Zimmerman Properties LLC has applied for up to $9.4 million in taxable industrial revenue bonds from the City of Hays to support its Willow Grove affordable multifamily project at 400 W. 48th Street. The resolution of intent would confer a sales tax exemption on construction purchases and position the project competitively for low-income housing tax credits.
Contract Details
Contract Amount
Not to exceed $9,400,000 (IRB principal)
Vendor
ZIMMERMAN PROPERTIES LLC
Agency
City of Hays, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Renewal Info
Initial resolution of intent for IRBs; future bond ordinance and lease documents will formalize long-term financing if tax credits are awarded and conditions are met. No automatic renewal provisions are described.
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