City of Hays Awards Financial Services Contract to Michael D. Graham Rentals Llc (August 2026)

The City of Hays approved a Development Agreement with Michael D. Graham Rentals, LLC for the Lincoln Schools Reinvestment Housing Incentive District, allowing pay-as-you-go reimbursement of up to $3,010,000 in eligible project costs from tax increment revenues. The agreement supports renovation of the former Lincoln School and construction of additional multifamily housing over a term of up to 25 years.

Scope & details

The full contract record, as filed.

Contract amount

Reimbursement of Eligible Project Costs not to exceed $3,010,000 from RHID revenues; estimated RHID revenue $1,085,162 over 25 years

Contract type

FINANCIAL_SERVICES

Contract term

RHID term up to 25 years from effective date of ordinance approving Development Plan or until reimbursement of all Eligible Project Costs up to RHID Costs Cap

Renewal date

2051-08-14

Renewal

RHID collection ceases upon the earlier of 25 years from effective date of the ordinance or full reimbursement of all RHID-eligible project costs up to the RHID Costs Cap. No renewal options stated.

Document type

AgendaPacket

Source document

City of Hays Agenda Packet 2026-08-06

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City of Hays Agenda 2026-08-13

PENDING

City of Hays, KansasReimbursement of Eligible Project Costs up to $3,010,000 from RHID incremental tax revenuesAug 13, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Hays?

Michael D. Graham Rentals Llc was awarded this financial services contract by City of Hays, as recorded on August 6, 2026. The contract value is Reimbursement of Eligible Project Costs not to exceed $3,010,000 from RHID revenues; estimated RHID revenue $1,085,162 over 25 years.

How much is the Michael D. Graham Rentals Llc contract with City of Hays worth?

The Michael D. Graham Rentals Llc contract with City of Hays is valued at Reimbursement of Eligible Project Costs not to exceed $3,010,000 from RHID revenues; estimated RHID revenue $1,085,162 over 25 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Hays Agenda Packet 2026-08-06 (AgendaPacket), dated August 6, 2026 from City of Hays. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Michael D. Graham Rentals Llc hold?

Michael D. Graham Rentals Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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