OTHERAPPROVED

City of Dodge City City Commission Meeting Agenda 2026-06-01

Reinert Partnerships to Sell Water Rights to City

$10,000,000.00 (total purchase price shared with JR Farms)City of DodgeREINERT PARTNERSHIPSJune 1, 2026

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Description

Dodge City is set to approve a Water Rights Sale Contract with Reinert Partnerships, alongside JR Farms, for 3,732 acre-feet of water rights at a total price of $10,000,000.00, combining an upfront payment and 20-year financing at 3.5% interest. The transaction secures essential long-term water resources for the city and includes a leaseback provision for continued irrigation use during transition.

Contract Details

Contract Amount

$10,000,000.00 (total purchase price shared with JR Farms)

Vendor

REINERT PARTNERSHIPS

Agency

City of Dodge, KS

Contract Type

OTHER

Document Date

June 1, 2026

Contract Term

$2,500,000 at closing; $7,500,000 financed over 20 years at 3.5% interest starting after July 1, 2026

Renewal Date

2046-01-01

Renewal Info

Long-term installment sale with secured promissory note and purchase-money mortgage over 20 years; includes annual-appropriation structure and an irrigation leaseback at $50 per acre-foot until conversion to municipal use.