EDA Recommends TIF Assistance for Rebound Townhomes
City of FaribaultCity · Faribault, MN- Disclosed value
- TIF Note principal of up to $1,940,000
- From agendapacket
- Document date
- Oct 22, 2026
The 30-second brief
The Faribault Economic Development Authority recommended TIF assistance for Rebound Partners’ proposed $11.72 million townhome redevelopment. The plan includes a TIF note of up to $1.94 million over as many as 20 years, subject to construction and return-on-investment safeguards.
Rebound Partners holds this contract with City of Faribault. Its other public contracts on record include work for THE HRA OF HIBBING, MINNESOTA and City of Hibbing.
Term as filed: Up to 20 years; construction start by December 31, 2026, and completion by December 31, 2028.
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Contract details
- Amount
- TIF Note principal of up to $1,940,000
- Document date
- October 22, 2026
- Term
- Up to 20 years; construction start by December 31, 2026, and completion by December 31, 2028
- Vendor
- Rebound Partners
- Agency
- City of Faribault
- Source document
- Faribault Economic Development Authority AgendaPacket Economic Development Authority Meeting 2026-10-22 (AgendaPacket)
Rebound Partners's other public contracts
More City of Faribault contracts
Questions about this contract
Who was awarded the government contract by City of Faribault?
Rebound Partners was awarded this government contract by City of Faribault, as recorded on October 22, 2026. The contract value is TIF Note principal of up to $1,940,000.
How much is the Rebound Partners contract with City of Faribault worth?
The Rebound Partners contract with City of Faribault is valued at TIF Note principal of up to $1,940,000.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Faribault Economic Development Authority AgendaPacket Economic Development Authority Meeting 2026-10-22 (AgendaPacket), dated October 22, 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 Rebound Partners hold?
Rebound Partners 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.