CONTRACTONGOING

Cornerstone Management Retained for Public Housing Oversight

Disclosed value: $3,000.00 monthly management fee (total $36,000 for Oct 2024–Sep 2025); From agenda
Document date: Nov 10, 2025
Term: October 1, 2024 – September 30, 2025

What it covers

Faribault Housing & Redevelopment Authority retains Cornerstone Management for ongoing property management services for Robinwood Manor and Scattered Site Public Housing, with a management fee of $3,000 per month. The agreement is in effect for the fiscal year ending September 30, 2025.

Who holds it

Cornerstone Management holds this professional services contract with City of Faribault. Its other public contracts on record include work for Banks School District 13.

What happens next

Term as filed: October 1, 2024 – September 30, 2025.

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Contract details

Contract type: Professional Services
Amount: $3,000.00 monthly management fee (total $36,000 for Oct 2024–Sep 2025)
Document date: November 10, 2025
Term: October 1, 2024 – September 30, 2025
Vendor: Cornerstone Management
Agency: City of Faribault
Source document: Faribault Housing & Redevelopment Authority Agenda November 2025 (Agenda)

Cornerstone Management's other public contracts

Banks School District 13, OregonCornerstone Management Provides Bond Construction Update · Sep 14, 2026Undisclosed Banks School District 13, OregonCornerstone Management Handles Bond Oversight · Aug 10, 2026Undisclosed Banks School District 13, OregonCornerstone Management Continues Bond Program Oversight · Jun 8, 2026Undisclosed Banks School District 13, OregonCornerstone Management Oversees District Bond Projects · Jun 8, 2026Undisclosed Banks School District 13, OregonCornerstone Management overseeing district bond projects · May 11, 2026Undisclosed All Cornerstone Management contractsVendor profile

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Questions about this contract

Who was awarded the professional services contract by City of Faribault?

Cornerstone Management was awarded this professional services contract by City of Faribault, as recorded on November 10, 2025. The contract value is $3,000.00 monthly management fee (total $36,000 for Oct 2024–Sep 2025).

How much is the Cornerstone Management contract with City of Faribault worth?

The Cornerstone Management contract with City of Faribault is valued at $3,000.00 monthly management fee (total $36,000 for Oct 2024–Sep 2025), covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Faribault Housing & Redevelopment Authority Agenda November 2025 (Agenda), dated November 10, 2025 from City of Faribault. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Cornerstone Management hold?

Cornerstone Management may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Faribault currently buying?

Explore City of Faribault's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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