Laserfiche WebLink
Alternatives include: <br /> 1)Adopt Resolution #24-037 Approving CBRE Real Estate Listing Agreement for City Owned Land in <br /> COR(as presented) (Staff Recommendation) <br /> 2)Adopt Resolution #24-037 Approving CBRE Real Estate Listing Agreement for City Owned Land in <br /> COR(with changes) (Staff Recommendation) <br /> 3) Something else <br /> 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 /> On January 11, 2024, the EDA unanimously passed a motion to recommend to the City Council to approve the <br /> Listing Agreement with CBRE from February 1, 2024 through January 31, 2025 as presented. <br /> Outcome/Action: <br /> Motion to Adopt Resolution #24-037 Approving CBRE Real Estate Listing Agreement for City Owned <br /> Land in COR(as presented) (Staff Recommendation) <br /> Attachments <br /> ACTION-Resolution#24-037 <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 /> DRAFT EDA Minutes 1.11.24 Excerpt <br /> Form Review <br /> Inbox Reviewed By Date <br /> Brian Hagen Kathy Schmitz 01/17/2024 04:01 PM <br /> Form Started By:Sean Sullivan Started On:01/16/2024 12:42 PM <br /> Final Approval Date:01/17/2024 <br />