Civic IQ
PROFESSIONAL_SERVICESAPPROVED

City of Faribault Awards Professional Services Contract to Economic Development Authority (December 2025)

The City Council approved Resolution 2025-351 creating a managerial services agreement with the Economic Development Authority for 2026. Under the agreement, the EDA will pay $50,000 from its levy funds to support city staff management and oversight of EDA operations, with an option to extend for one additional year.

Document date · December 22, 2025

Issuing agencyCity of FaribaultVendorEconomic Development Authority

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$50,000 for 2026 services
Contract type
PROFESSIONAL_SERVICES
Contract term
Calendar year 2026, extendable by one additional year
Renewal date
2027-12-31
Renewal
Agreement is for calendar year 2026 and may be extended one year if neither party seeks changes or termination.
Document type
Agenda
Source document
Faribault City Council Agenda December 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Economic Development Authority was awarded this professional services contract by City of Faribault, as recorded on December 22, 2025. The contract value is $50,000 for 2026 services.

How much is the Economic Development Authority contract with City of Faribault worth?

The Economic Development Authority contract with City of Faribault is valued at $50,000 for 2026 services, 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 City Council Agenda December 2025 (Agenda), dated December 22, 2025 from City of Faribault. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Economic Development Authority hold?

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

View Economic Development Authority's 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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