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41st Street east of Home Depot now open

CITY OF HAYS

After nearly five months of construction, 41st Street east of Home Depot to Vineyard Park in Hays, is open to traffic as of late Wednesday afternoon.

RELATED COVERAGE: The financing plan for the Home Depot Transportation Development District

Projects for Phases I and II totaling $4.4 million were approved in 2004 by a TDD ordinance and a 3/4-cent sales tax was enacted April 1, 2005, both for a maximum 22 years. The city then issued $1.77 million in TDD sales tax bonds to finance Phase I.

The TDD tax outperformed projections allowing the Phase I bonds to be called early and completed in January 2018. It was determined the 3/4-cent TDD sales tax could continue until March 2027 to fund a portion of Phase II improvements.

 

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