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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) Recommendation to City Council to Approve Listing Agreement with CBRE (as presented) <br />2) Recommendation to City Council to Approve Listing Agreement with CBRE (with changes) <br />3) Recommendation to City Council to not Utilize CBRE Listing Services and to have Staff List all Properties <br />4) 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, 2025 - January 31, 2026 as <br />presented. <br />Outcome/Action: <br />Motion to recommend to City Council approval of the Listing Agreement with CBRE from February 1, 2025 - <br />January 31, 2026 as presented. <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 />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 01/02/2025 08:41 AM <br />Brian Hagen Brian Hagen 01/02/2025 11:40 AM <br />Form Started By: Sean Sullivan Started On: 12/30/2024 10:50 AM <br />Final Approval Date: 01/02/2025 <br />