Sibley County Board of Commissioners Meeting Agenda March 2026
SMR Management Secures Sibley Estates Contract from County
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Description
Sibley County approved a 3-year residential management agreement with SMR Management Inc for Sibley Estates East and West, replacing Lloyd Management. Fee set at 9.25% of gross rental and other income, approximately $3,250 per month.
Contract Details
Contract Amount
9.25% of gross rental and other income (approx. $3,250/month)
Vendor
SMR MANAGEMENT INC
Agency
Sibley County, MN
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 8, 2026
Contract Term
April 1, 2026 – March 31, 2029
Renewal Date
2029-03-31
Renewal Info
Three-year initial term. May be terminated by either party with 90 days' notice. HUD may require termination with 30-day notice for cause.
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