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Agenda - Economic Development Authority - 12/19/2013
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Agenda - Economic Development Authority - 12/19/2013
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
12/19/2013
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(10) 2014 Work Plan Review <br />Please see agenda for attached supportive documents. This items requires input and potential <br />action. <br />(11) RFQ, Real Estate Services <br />Update <br />Staff received 10 proposals from brokers in response to the most recent RFQ for Brokerage <br />Services. Of the 10, 3 were interviewed. Those 3 include; Northco, CBC Griffin, and CBRE. Those not <br />selected to move forward include; KW Coon Rapids, KW Elk River, Arthur Grant, Edina Realty, Mid - <br />America, Premier Commercial Properties, and American Dream Realty Midwest. Staff was satisfied <br />with the responses and identified 3 finalists, which were then interviewed. The interview process <br />and further analysis led to a recommendation by Staff to move forward with CBRE. On December <br />10th the City Council accepted Staff's recommendation to select CBRE of Minneapolis to be our <br />preferred real estate broker. With Council's approval we will now begin negotiations of an <br />agreement (listings, terms, etc.). Attached is CBRE's proposal. <br />
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