Laserfiche WebLink
certain parameters are narrowed (i.e. preferred method of compensation, term, carry-over fees, role of broker, <br />desired outcome, etc.). <br />(4) Unlike the first RFP, Staff is including a section that outlines services the City is not expecting <br />(development management services, re -branding services, advanced market analysis reports*, engineering <br />services, website management, strategic/master planning or creation of advanced marketing materials*). <br />*Beyond normal real estate broker standards. These, and other development tasks, including any incentive <br />analysis, would be the responsibility of City staff, primarily the Economic Development manager. <br />(5) Staff will be sending out the RFQ to over 100 brokers; and, will be following up with a phone call to a <br />large pool of said brokers. Based on known merits of each real estate firm, Staff will determine which <br />brokers are contacted via phone (i.e. perceived ability to market/sell Ramsey and The COR). <br />Timeline <br />*Due to Thanksgiving, the proposed RFQ process is set to close Wednesday, November 27. <br />*Interviews will be conducted on December 3, 4, 5 (where schedules permit, if possible). <br />*An award will be made on December 10 (if possible). <br />*If the proposed timeline above is too aggressive, the process may draw out into January <br />Funding Source: <br />Future land proceeds. <br />Recommendation: <br />Terminate the RFP process for real estate broker services initiated on September 10, 2013; and, <br />adopt the newly proposed RFQ process included in this case. <br />Action: <br />Motion to terminate the RFP process for real estate broker services initiated on September 10, 2013; and, <br />adopt the newly proposed RFQ process included in this case. <br />Attachments <br />NEW RFQ Real Estate Broker Services 11072013 <br />NEW RFQ Real Estate Broker Services 11072013 (Appendix Item) <br />RFP Real Estate Broker Services 09102013 <br />RFP Real Estate Broker Services 09102013 (Appendix) <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 11/07/2013 05:44 PM <br />Form Started By: Patrick Brama Started On: 11/07/2013 05:17 PM <br />Final Approval Date: 11/07/2013 <br />