Commission sets public hearing for Lincoln School RHID after developer plan presented
Summary
Deputy city manager presented a developer plan to convert the former Lincoln Elementary into up to 28 apartments and add seven fourplexes; commissioners voted to set an early-August public hearing on establishing an RHID, with staff saying 25-year increment revenue is estimated at just over $1,000,000 versus $4,300,000 in eligible costs.
The commission on June 25 voted to set a public hearing to consider creating a reinvestment housing incentive district (RHID) for the former Lincoln Elementary School site.
"The developer has proposed converting the existing school building into 26 or 28 one- and two-bedroom apartments and constructing seven fourplexes on the remaining open space," Deputy City Manager Colin Belzer said while presenting the development plan. He said the development plan and financial analysis are required by the RHID Act and that the plan was submitted to the Kansas Department of Commerce; state approval of certain findings already occurred in December.
Belzer told the commission the estimated 25-year revenue increment for the district is just over $1,000,000 while eligible costs are estimated at $4,300,000, meaning the developer would remain responsible for roughly 80% of project costs. He said the RHID in this case would be structured as pay-as-you-go and that the developer also plans to request an IRB sales-tax exemption on construction materials later in the process.
Commissioner Musil moved to adopt Resolution No. 2026-010 setting the public hearing and adopting the development plan for the Lincoln School RHID; Commissioner Jacobs seconded. The commission approved the motion unanimously. Staff said the public hearing will occur in early August, followed by a 30-day review period for county and school-district jurisdictions.
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