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Councilmember Riley introduced the following resolution and moved for its adoption: <br />RESOLUTION #19-160 <br />RESOLUTION APPROVING AN EXTENSION TO THE COMMERCIAL REAL <br />ESTATE BROKERAGE SERVICES WITH CBRE <br />WHEREAS, since 2014, the City has contracted with CBRE for commercial real estate <br />brokerage services to sell available City Owned Land; and <br />WHEREAS, the current contract is set to expire on July 31, 2019; and <br />WHEREAS, the proposed contract only includes listing inside the COR; and <br />WHEREAS, the proposed contract includes amended language that reduces the CBRE <br />commission from 5% to 3% if the lead is determined to City generated. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) That the Ramsey City Council hereby approves an extension to the amended contract with <br />CBRE until February 1, 2020. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Kuzma, and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor LeTourneau <br />Councilmember Riley <br />Councilmember Kuzma <br />Councilmember Heinrich <br />Councilmember Musgrove <br />and the following voted against the same: <br />None <br />and the following abstained: <br />None <br />and the following were absent: <br />Existing Vacancy <br />Existing Vacancy <br />