Laserfiche WebLink
Member Olson aye <br />Chairperson Wiyninger aye <br />Member Lindahl aye <br />Member Riley aye <br />Motion carried. <br />4.02: Consider Extension of CBRE Real Estate Listing Agreeme . for City -Owned Land <br />in COR <br />Economic Development Manager Sullivan presented the staff <br />Brian Pankratz, CBRE, stated that it has been ten yea <br />City of Ramsey. He commented that residents wanted <br />they would need more housing and daytime work <br />has been great to see the development that has h <br />retailers that have begun to come. He stated that the co <br />will also help with transportation and investment in Ram <br />side of the COR filling out, parcel 50c attract more inte <br />help to attract more businesses to the Cit - - s ted that const <br />leveled out and hopefully financing rates <br />on the climate for different types of develop <br />rs <br />- t <br />taura <br />o attrac <br />with t <br />y began g properties in the <br />is and retail, . e let them know <br />hose industrie - st-ted that it <br />partments, in al area, and <br />• <br />Highway 1' improvements <br />He commented that with the west <br />e noted that the hotel will also <br />n c • sts remain high but have <br />as well. He provided a general update <br />Member Riley comment the change Highway 1, it would make sense to continue <br />this agreement for ano, <br />Economic Development Manager Sullivan review: e proposed change for the properties that <br />staff would mar, - which would leav <br />Motion <br />of t <br />presente <br />cus on commercial and retail within the COR. <br />ember • <w seconded by Member Lindahl, to recommend to City Council approval <br />ing Agreement with CBRE from February 1, 2025, through January 31, 2026, as <br />Further discussion: Member Lindahl disclosed that although she and Mr. Pankratz both work for <br />CBRE, they are in separate operating entities and there is no crossover in their business and is no <br />conflict of interest. <br />Chair Wiyninger not)d that the EDA is recommending body and that official action on the <br />Agreement would need to be approved by the City Council <br />A roll call vote was performed: <br />Member Riley aye <br />Member Lindahl aye <br />Chairperson Wiyninger aye <br />Economic Development Authority/ January 9, 2025 <br />Page 3 of 5 <br />