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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 sub a g ,-.-. <br /> '1 <br /> City Council Work Session/February 26, 2019 <br /> Page 4 of 5 <br />