Blue Earth County Board of Commissioners Agenda 2026-06-09
Housing Management Contract Approved with City of Mankato
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Description
Blue Earth County EDA was approved to enter into a property management agreement with the City of Mankato for oversight and management of 179 RAD/Section 18 housing units. The agreement includes an initial five-year term with automatic renewals and compensation at 6% of gross project receipts.
Contract Details
Contract Amount
Management fee equal to 6% of gross project receipts (from project revenues)
Vendor
CITY OF MANKATO
Agency
Blue Earth County, MN
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 9, 2026
Contract Term
5 years initial term, with automatic renewals unless terminated by either party. Effective June 9, 2026.
Renewal Date
2031-06-09
Renewal Info
Automatic renewal for 5-year periods unless terminated by either party with at least 60-day notice before expiration. Initial 5-year term starts June 9, 2026. Standard public ownership termination rights retained.
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