BY BECKY KISER
Hays Post
Hays city commissioners will vote on economic incentive requests at their Thursday meeting that would move forward two new residential housing developments.
The first request is for a resolution authorizing the city to issue $6 million in general obligation bonds to finance the Tallgrass Phase 4 Reinvestment Housing Incentive District (RHID) public infrastructure improvements.
The project is a joint venture between the city of Hays and Heart of America Development Corporation. An RHID was created to cover the costs of installing the necessary water, sewer and street infrastructure for the property. The RHID revenues generated by the district will pay the general obligation bond debt moving forward.
Former Lincoln School housing project
The commission will also consider a resolution setting an Aug. 13 public hearing for the establishment of an RHID at the site of the former Lincoln School, 1906 Ash. Developer Michael Graham, Hays, plans to renovate the building into a 26-unit multi-family housing facility and to construct seven additional structures on the property, with four units in each new structure.
Graham estimates the RHID will generate about $1 million in revenues during its 25-year term. RHID revenues will be derived from incremental property tax revenues collected on the project site. RHID-eligible project costs are estimated at $4.3 million.
Property/Liability insurance renewal
City staff recommended pursuing the 2026/2027 property/liability coverage renewal with Midwest Public Risk. It was the low bid at $569,891 , an increase of $90 over the previous year.
Airplane hangar
The ground lease on Hangar F-8 at the Hays Regional Airport, owned by Glen Teel, expires June 30. The city has the option to purchase the hangar. Teel and airport staff have agreed to the sale at a price of $30,000.
The complete June 25 agenda is available here. The work session begins at 4 p.m. in Hay City Hall, 1507 Main.