Development agreement set for Lincoln School RHID project

The City of Hays plans to enter into a Development Agreement with Michael D. Graham Rentals, LLC to reimburse up to $3.01 million of eligible costs for the Lincoln School housing project using Reinvestment Housing Incentive District tax increment revenues over a term of up to 25 years. The pay-as-you-go structure avoids City-issued debt while supporting a major adaptive reuse and infill housing development.

Scope & details

The full contract record, as filed.

Contract amount

Reimbursement of Eligible Project Costs up to $3,010,000 from RHID incremental tax revenues

Contract type

FINANCIAL_SERVICES

Contract term

RHID term up to 25 years from effectiveness of the RHID ordinance, or until all eligible costs up to the cap are reimbursed, whichever occurs first

Renewal date

2051-08-13

Renewal

RHID collections and reimbursements continue until the earlier of 25 years from the RHID ordinance effective date or payment of all eligible costs up to the $3,010,000 cap; no automatic renewal beyond statutory RHID term.

Document type

Agenda

Source document

City of Hays Agenda 2026-08-13

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City of Hays Agenda Packet 2026-08-06

APPROVED

City of Hays, KansasReimbursement of Eligible Project Costs not to exceed $3,010,000 from RHID revenues; estimated RHID revenue $1,085,162 over 25 yearsAug 6, 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 13, 2026. The contract value is Reimbursement of Eligible Project Costs up to $3,010,000 from RHID incremental tax revenues.

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 up to $3,010,000 from RHID incremental tax revenues, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Hays Agenda 2026-08-13 (Agenda), dated August 13, 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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What is City of Hays currently buying?

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