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Funding Source: <br /> There is no immediate or initial up front costs. CBRE is only paid at time of sale, and a commission is deducted <br /> from the gross sales price rather than an hourly rate. In addition, Staff negotiated a reduction of commission from <br /> 5%to 3%for City generated leads on CBRE listed property which continues in this Listing Agreement term. <br /> Recommendation: <br /> Staff recommends approval of the Listing Agreement with CBRE from February 1,2023 -January 31, 2024 as <br /> presented. <br /> Action: <br /> Motion to recommend to the City Council approval of the attached Listing Agreement with CBRE from February <br /> 1, 2023 -January 31, 2024. <br /> Attachments <br /> ACTION-Listing Agreement with CBRE <br /> Parcel Map of Listings in COR <br /> CBRE Property Listing Activity <br /> CBRE Sign locations <br /> CBRE Listing Agreement(Reference) <br /> CBRE 2023 Land Review <br /> MPLS Office Market <br /> MPLS Industrial Market <br /> Form Review <br /> Inbox Reviewed By Date <br /> Sean Sullivan(Originator) Sean Sullivan 01/05/2023 10:52 AM <br /> Brian Hagen Brian Hagen 01/05/2023 11:47 AM <br /> Form Started By:Sean Sullivan Started On:01/03/2023 08:02 AM <br /> Final Approval Date:01/05/2023 <br />