Laserfiche WebLink
EDA Member Hardin stated that he has spoken out in the past on his desire to explore a new <br />relationship with another broker and allow equal access to any broker in the County. He <br />explained that if another broker is bringing their client to Ramsey, they will then share their <br />commission with CBRE whereas if that broker goes to another community, they will earn the full <br />share of commission. He stated that Ramsey has the ability to work with Anoka County to list <br />their properties. He stated that CBRE would still have access to the properties, but other brokers <br />would have equal access to those properties. <br />EDA Chair Steffen asked if the properties in other cities provide a higher commission because <br />they are listed by owner rather than through a broker. <br />EDA Member Hardin confirmed that land owned by Elk River is listed by the city and therefore <br />the broker earns the full commission, rather than sharing that with a listing agent. <br />EDA Chair Steffen stated that he was pleasantly surprised that CBRE brought seven of the nine <br />leads to the City on the City owned property sales. He asked if those sales would have come to <br />the City without the help of CBRE. <br />Mr. Pankratz provided details on how CBRE brought those clients to Ramsey, using their <br />relationships with those developers/buyers. He stated that it was a mix of the CBRE data base, <br />calls received off CBRE signs in the community, and market driven. <br />Community Development Director Gladhill noted that this topic will be brought back to the EDA <br />for further discussion. <br />Councilmember Shryock asked who would produce the materials and other marketing efforts if <br />the City does not use a broker, as it does not appear staff would have time. <br />2.05: Receive Update on Economic Development Marketing Efforts <br />No discussion. <br />3. TOPICS FOR FUTURE DISCUSSION <br />3.01: Review Future Topics/ Calendar <br />Noted. <br />4. ADJOURNMENT <br />The Work Session of the City Council was adjourned at 6:58 p.m. <br />Respectfully submitted, <br />City Council Work Session / February 26, 2019 <br />Page 4 of 5 <br />