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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 previously negotiated a reduction of <br />commission from 5% to 3% for City generated leads on CBRE listed property which continues in this Listing <br />Agreement term. <br />Recommendation: <br />Staff recommends approval of the Listing Agreement with CBRE from February 1, 2024 - January 31, 2025 as <br />presented. <br />Outcome/Action: <br />Motion to recommend to City Council approval of the Listing Agreement with CBRE from February 1, 2024 - <br />January 31, 2025 as presented. <br />ACTION - CBRE Listing Agreement Extension <br />PARCEL MAP OF COR <br />2024 CBRE Land Review <br />CBRE Prospect List <br />CBRE Sign Locations <br />CBRE Registration Letter <br />Q3 Mpls Industrial Report <br />Q3 Mpls Office Report <br />2019 CBRE Listing Agreement <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 01/04/2024 10:57 AM <br />Form Started By: Sean Sullivan Started On: 01/03/2024 02:01 PM <br />Final Approval Date: 01/04/2024 <br />