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There are many options the City could look at regarding the marketing of city owned land. They could include: <br />1. Renew contract with CBRE <br />2. Amend Contract with CBRE on the number of properties listed for specific properties/areas/property types <br />3. Amend Contract with CBRE based on terms including commission%, look back time for prospects, and <br />considerations on who brings a prospect forward <br />4. Split listings between City and CBRE with City utilizing Anoka County MNCAR subscription and other <br />marketing avenues to assist <br />5. Have the City of Ramsey market all its properties and utilize Anoka County, LOIS, Costar/Loopnet and other <br />mediums. <br />6. Have the City of Ramsey market all its properties and utilize Anoka County, LOIS, Costar/Loopnet and other <br />mediums AND pay commissions to brokers that bring in deals that close. <br />7. Something else. <br />Based on the complexity of these options staff would recommend that the EDA have a joint Work Session with the <br />City Council to discuss our marketing and listing strategy moving forward. In the interim, Staff is comfortable in <br />continuing listing with CBRE. <br />Funding Source: <br />No additional funding is necessary at this point. Commission is paid to CBRE and deducted from the sale of real <br />property. <br />Recommendation: <br />Staff recommends that the City remove B & A Cylinder (Site 37A) from CBRE listing agreement and to schedule a <br />joint worksession betwen the EDA and City Council to for a broader discussion on City property listings and <br />marketing strategy. <br />Action: <br />Motion to recommend to the City Council to remove B & A Cylinder (Site 37a) from CBRE listing agreement and <br />schedule a joint worksession betwen the EDA and City Council for a broader discussion on City property listings <br />and marketing strategy. <br />Current Listing Agreement 7.30.19 <br />Month To Month Listing Amendment <br />Original Listing Agreement <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan Sean Sullivan 01/03/2019 02:22 PM <br />Sean Sullivan Sean Sullivan 01/03/2019 07:50 PM <br />Tim Gladhill Tim Gladhill 01/04/2019 09:05 AM <br />Sean Sullivan Sean Sullivan 01/04/2019 09:56 AM <br />Tim Gladhill Tim Gladhill 01/04/2019 12:05 PM <br />Form Started By: Wendy Schlueter Started On: 12/10/2018 11:03 AM <br />Final Approval Date: 01/04/2019 <br />