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CC Work Session <br />Meeting Date: 05/25/2021 <br />Submitted For: Sean Sullivan, Community Development <br />By: Sean Sullivan, Community Development <br />Information <br />2.2. <br />Title: <br />Pricing Strategy (portions of meeting may be closed to the public under Minnesota Statutes Section 13.D.05 <br />Subdivision 3(c)(1) to consider to determine the asking price for real or personal property to be sold by the <br />government entity) <br />Purpose/Background: <br />Purpose: <br />Review pricing strategy for the sale of city owned land.* <br />*The pricing strategy discussion will occur during closed session under Minnesota Statutes Section 13.D.05 <br />Subdivision 3(c)(1) (to consider to determine the asking price for real or personal property to be sold by the <br />government entity). UPDATE (5/21) Staff will be brining the pricing sheet to the meeting, not emailing in <br />advance. Council will have additional opportunities to review in future closed session as well. The attached <br />reference map shows the various properties currently available for sale/ purchase as well as some that have <br />sold since the last time pricing was reviewed. Although CBRE is the City's broker, for various reasons, they <br />are not listing all available City owned properties. Staff has received EDA input on the proposed/ updated <br />pricing strategy and wants to share this information with the Council in a closed session to address any <br />questions. <br />Notification: <br />NA <br />Observations/Alternatives: <br />The pricing strategy is used by staff as a guide for real estate negotiations. The Council ultimately approves all land <br />sales by separate action. <br />Funding Source: <br />NA <br />Recommendation: <br />NA <br />Action: <br />Confirm a Pricing Strategy for City owned land. <br />Listing Parcel Map <br />MAP Tax ID Number Reference Sheet <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />