Blue Earth County Board of Commissioners Agenda Packet May 2026
BECEDA to Manage Mankato RAD Housing Under New Agreement
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Description
The Economic Development Authority of Blue Earth County approved a Property Management Agreement with the City of Mankato for RAD/Section 18 public housing units. BECEDA will manage the properties for an initial five-year term, receiving a 6% of gross project receipts management fee funded from project revenues.
Contract Details
Contract Amount
Management fee equal to six percent (6%) of gross project receipts
Vendor
CITY OF MANKATO
Agency
Blue Earth County, MN
Contract Type
MAINTENANCE
Document Date
May 12, 2026
Contract Term
Initial five-year term beginning May 12, 2026 with automatic five-year renewals
Renewal Info
Agreement has an initial five-year term from the Effective Date with automatic five-year renewals unless terminated by either party with at least 60 days’ notice; it may also be terminated earlier for willful misconduct or as required by project requirements.
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