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1. Parcel 47e -28-32-25-31-0023 (high density/Mixed Use- former Storyteller Site) - 0.53 acres - $5.00/SF <br /> (Tough remnant to sell) <br /> 2. Parcel 48e -Pt of 28-32-25-24-0017 (Former COR Trust Bank Site) - approximately 1.5 acres- $6.50/SF (up <br /> from $6.00/SF) <br /> 3. Parcel 48a-Pt of 28-32-25-24-0017 (Large mixed use/commercial/residential) approximately 13 acres - <br /> $5.50/SF (up from$4.00/SF) <br /> 4. Parcel 52b -28-32-25-13-0092 - (Former AEON Option-High Density Residential) 1.36 acres- $4.00/SF <br /> 5. Parcel 52c -28-32-25-13-0034 - (Medium Density Residential) approximately 1.58 acres- $4.00/SF <br /> Alternatives: <br /> 1)Adopt Resolution#25-017 Approving CBRE Real Estate Listing Agreement for City Owned Land in COR (as <br /> presented) <br /> 2)Adopt Resolution#25-017 Approving CBRE Real Estate Listing Agreement for City Owned Land in COR <br /> (with changes) <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 /> Adopt Resolution#25-017 Approving CBRE Real Estate Listing Agreement for City Owned Land in COR(as <br /> presented) <br /> The EDA met on January 9th,2025 and unanimously recommended the terms in the attached Listing Agreement <br /> Outcome/Action: <br /> Motion to Adopt Resolution #25-017 Approving CBRE Real Estate Listing Agreement for City Owned <br /> Land in COR(as presented) <br /> Attachments <br /> ACTION Resolution#25-017 <br /> ACTION- COR Listing Amendment <br /> Map of COR Parcels 2025 <br /> CBRE Land Review 2025 <br /> CBRE Prospect List 2025 <br /> Housing Market Report <br /> Q3 Office Report <br /> Q3 Industrial Market Report <br /> 2019 CBRE Listing Agreement <br /> Form Review <br /> Inbox Reviewed By Date <br /> Brian Hagen Sean Sullivan 01/09/2025 10:19 AM <br /> Sean Sullivan(Originator) Sean Sullivan 01/09/2025 10:23 AM <br /> Brian Hagen Kathy Schmitz 01/09/2025 03:48 PM <br /> Form Started By:Sean Sullivan Started On:01/09/2025 09:17 AM <br />