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Hays approves resolution authorizing G.O. bonds for Tallgrass Phase 4 RHID infrastructure
Summary
The City adopted Resolution No. 2026-009 to issue general obligation bonds to fund public infrastructure for the Tallgrass Phase 4 Reinvestment Housing Incentive District; Finance Director Kim Rupp said the action implements a pre-existing development agreement with Heart of America Development Corporation.
Kim Rupp, Director of Finance, told the commission the City previously created the Tallgrass Phase 4 Reinvestment Housing Incentive District and entered into a Development Agreement with Heart of America Development Corporation for the related residential project. "Approval of the Project Authorization Resolution will allow the City to issue general obligation bonds to fund the public infrastructure improvements related to the RHID," Rupp said; the commission then moved to adopt Resolution No. 2026-009.
Commissioner Sandy Jacobs moved to adopt the resolution and Vice-Mayor Alaina Cunningham seconded; the clerk recorded unanimous ayes by Mayor Mason Ruder, Vice-Mayor Alaina Cunningham, Commissioner Shaun Musil, Commissioner Sandy Jacobs and Commissioner David Vilaysing. The resolution authorizes the City to issue bonds to finance public infrastructure connected to the Tallgrass Phase 4 RHID as described in the Development Agreement with Heart of America Development Corporation.
