CONTRACTPENDING

$6M City Financing Requested for Housing Incentive District

Disclosed value: $6,000,000; From agenda
Document date: May 8, 2025
Term: 25 years

What it covers

Heart of America Development Corporation is requesting City financing of approximately $6.0M for RHID-eligible project costs related to the Tallgrass 2nd Addition Phase 4 project. The developer will provide a deposit of $1.8M. The RHID will generate approximately $6.867M over a 25-year term.

Who holds it

Heart of America Development holds this real estate development contract with City of Hays. Its other public contracts on record include work for Town of Hayes.

What happens next

Term as filed: 25 years.

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Contract details

Contract type: Real Estate Development
Amount: $6,000,000
Document date: May 8, 2025
Term: 25 years
Vendor: Heart of America Development
Agency: City of Hays
Source document: city-of-hays-agenda-2025-05-08_87e.pdf (Agenda)

Heart of America Development's other public contracts

Town of Hayes, KansasHays approves $6M funding for Tallgrass 2nd Addition · May 8, 2025$6M Town of Hayes, Kansas$6M Development Plan for Tallgrass Phase 4 · May 1, 2025$6M City of Hays, KansasHeart of America Development Corporation $6M development agreement for Tallgrass Phase 4 · Apr 28, 2025$6M Town of Hayes, KansasHeart of America Corp seeks $6 Million Development deal · Apr 10, 2025$6M City of Hays, Kansascity-of-hays-agenda-2025-04-10_e5d.pdf · Apr 10, 2025$6M All Heart of America Development contractsVendor profile

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Questions about this contract

Who was awarded the real estate development contract by City of Hays?

Heart of America Development was awarded this real estate development contract by City of Hays, as recorded on May 8, 2025. The contract value is $6,000,000.

How much is the Heart of America Development contract with City of Hays worth?

The Heart of America Development contract with City of Hays is valued at $6,000,000, covering real estate development work.

What type of contract is this?

This is a Real Estate Development contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-hays-agenda-2025-05-08_87e.pdf (Agenda), dated May 8, 2025 from City of Hays. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Heart of America Development hold?

Heart of America Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Hays currently buying?

Explore City of Hays's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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