City of Dodge City Agenda 2026-06-15
Reinert Partnerships Water Rights Sold to City
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Description
Dodge City is entering a $10 million Water Rights Sale Contract with Reinert Partnerships, paying $2.5 million at closing and financing $7.5 million over 20 years at 3.5% to secure 3,732 acre-feet of water for municipal use. The deal includes easements for new wells and pipelines and a leaseback so Reinert Partnerships can continue irrigating until municipal development begins.
Contract Details
Contract Amount
$10,000,000.00 (3,732 acre-feet at $2,679.53 per acre-foot; $2.5 million at closing plus $7.5 million financed at 3.5% over 20 years)
Vendor
REINERT PARTNERSHIPS
Agency
Dodge city Housing Authority, KS
Contract Type
OTHER
Document Date
June 15, 2026
Contract Term
Closing July 1, 2026; $2.5 million at closing; $7.5 million paid in equal annual installments over 20 years beginning January 1, 2027
Renewal Date
2047-01-01
Renewal Info
Single acquisition with no renewal; financed portion is a 20‑year installment note with annual appropriation language and optional prepayment.
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