Faribault Approves Fareway Downtown Redevelopment Agreement
City of FaribaultCity · Faribault, MN- Disclosed value
- Not to exceed $273,000 in cumulative tax-abatement reimbursements
- From agendapacket
- Approved
- Oct 27, 2026
- Term
- Up to 10 years, beginning August 1, 2029
- Renews
- Free account
The 30-second brief
The City of Faribault approved a private development contract with Fareway Stores, Inc. for redevelopment of its downtown grocery property. The related tax-abatement agreement allows reimbursements of up to $273,000 over as many as 10 years beginning in 2029.
Fareway Stores Inc holds this contract with City of Faribault. Its other public contracts on record include work for City of Norwalk city and Howard County.
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Contract details
- Amount
- Not to exceed $273,000 in cumulative tax-abatement reimbursements
- Document date
- October 27, 2026
- Term
- Up to 10 years, beginning August 1, 2029
- Renews
- On record
- Vendor
- Fareway Stores Inc
- Agency
- City of Faribault
- Source document
- City of Faribault AgendaPacket 2026-10-27 (AgendaPacket)
Fareway Stores Inc's other public contracts
More City of Faribault contracts
Questions about this contract
Who was awarded the government contract by City of Faribault?
Fareway Stores Inc was awarded this government contract by City of Faribault, as recorded on October 27, 2026. The contract value is Not to exceed $273,000 in cumulative tax-abatement reimbursements.
How much is the Fareway Stores Inc contract with City of Faribault worth?
The Fareway Stores Inc contract with City of Faribault is valued at Not to exceed $273,000 in cumulative tax-abatement reimbursements.
What type of contract is this?
This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Faribault AgendaPacket 2026-10-27 (AgendaPacket), dated October 27, 2026 from City of Faribault. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Fareway Stores Inc hold?
Fareway Stores Inc 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.