City of Dodge City City Commission Meeting Agenda Packet 2026-05-18
Water Rights Acquisition Proposed from Reinert Partnerships
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Description
City staff recommend approving a long-term Water Rights Sale Contract with Reinert Partnerships as part of a $10 million acquisition of 3,732 acre-feet of water for municipal use. The deal includes leaseback of the water to the seller at $50 per acre-foot until new municipal wells are developed, with remaining costs financed over 20 years at 3.5%.
Contract Details
Contract Amount
$10,000,000.00 total purchase price (3,732 acre-feet at $2,679.53 per acre-foot; $2.5 million at closing, balance financed at 3.5% over 20 years)
Vendor
REINERT PARTNERSHIPS
Agency
Town of Dodge, KS
Contract Type
OTHER
Document Date
May 18, 2026
Contract Term
20-year installment obligation note at 3.5% interest following $2.5 million down payment
Renewal Info
Agreement financed over 20 years via annually-appropriated installment note; leaseback provision remains in effect until conversion to municipal use.
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City of Dodge City City Commission Meeting Agenda Packet 2026-05-18
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City of Dodge City City Commission Meeting Agenda Packet 2026-05-18
City of Dodge City City Commission Meeting Agenda Packet 2026-05-18
City of Dodge City City Commission Meeting Agenda Packet 2026-05-18
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