City of Hays Agenda Packet 2026-05-21
City Supports IRB Intent for Wheatland Commons Project
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Description
Old Town Development, Inc. is seeking City-issued industrial revenue bonds for the Wheatland Commons affordable housing project to secure sales tax exemption on construction materials. City staff recommends adopting a Resolution of Intent in support of the IRB structure and the developer’s LIHTC application.
Contract Details
Vendor
OLD TOWN DEVELOPMENT INC
Agency
City of Hays, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Renewal Info
Resolution of Intent outlines future issuance of IRBs; specific bond documents and terms will be finalized later if the project proceeds.
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