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CBRE REAL ESTATE MARKETING AND BROKERAGE SERVICES PROPOSAL <br />SCOPE OF SERVICES <br />The successful firm shall agree to contract with the City of Ramsey to provide the following: <br />Develop strategies for sale of designated City -owned properties (such as conducting a study of comparable properties) <br />CBRE will work with City Council and Staff on all marketing materials and the pricing of the individual parcels to <br />achieve the highest quality and value. <br />Develop marketing materials (electronic and/or hard copy) to advertise sites for sale, distribute the materials to potential <br />buyers via the appropriate form(s) of media and report results to the City of Ramsey on an agreed upon frequency. <br />As shown in the Marketing Methods pages 10 - 13, CBRE will market the property in the highest quality, with up- <br />to-date information. <br />Advise the City of Ramsey related to strategies to promote and sell the designated sites. Public presentations may be <br />required. <br />CBRE will work with City Staff to create a market analysis including analytics, mapping, demographics, gap <br />analysis, etc., from our internal resources. We will also use CBRE Research for quarterly market updates and other <br />third -party resources. <br />Participate in site tours of City of Ramsey -owned property that is for sale for potential buyers. <br />CBRE will provide prospective buyers all known information and work with City Staff throughout the selling process. <br />Analyze offers from potential buyers and advise the City of Ramsey with respect to negotiations. <br />CBRE will provide market knowledge to subject offers including any pricing or terms. <br />Represent the City of Ramsey in negotiations with a prospective buyer from the time of offer until closing. <br />CBRE will provide monthly written updates to City Council and Staff. In addition, CBRE will coordinate bi-weekly <br />calls with the primary City contact. CBRE will notify the City of offers in writing immediately upon receipt of such. <br />Coordinate real estate transaction closings. <br />CBRE will handle all customary real estate broker activities and services. <br />Handle all other customary activities and services associated with real estate transactions. <br />CBRE will work within the scope of the contract unless specifically asked by the City, in writing, to do so for <br />additional service. <br />22 I CBRE <br />