Laserfiche WebLink
Economic Development Manager Sullivan replied that typically CBRE brings in more leads but <br />noted that some more recent developments have been generated by the City as well. He noted that <br />City generated leads have a lesser commission rate and those users may have seen the CBRE <br />listings as well. He recognized that there was not much general interest during COVID and <br />believed that the ratio would soon return to more CBRE generated leads. He believed that CBRE <br />brings value, and the City would not receive the same level of national user attention without <br />CBRE. <br />Mr. Pankratz commented on the cross selling that they do when they receive interest from a <br />potential user. He used the example of someone calling for a site in another community and then <br />potentially being shown opportunities in Ramsey. <br />Member Wiyninger asked if there are things the City could do differently to assist CBRE in moving <br />properties. <br />Mr. Pankratz replied that some of the signs are old, noting that with the contract extension they <br />would put up new signs. He stated that each year they update the brochures with the new <br />demographics and highlight new developments in the area. He stated that from a City standpoint, <br />much of the work has been done using the example of survey work to determine what would be <br />needed to develop a site. He commented that City staff is also responsive when he reaches out <br />about potential leads and interest. <br />Motion by Member Stewart, seconded by Member Wiyninger, to recommend to City Council <br />approval of the Listing Agreement with CBRE from February 1, 2023 — January 31, 2024. <br />Motion carried. Voting Yes: Chairperson MacLennan, Members Stewart, Wiyninger, Howell, <br />and Riley. Voting No: None. Absent: Member Johnson. <br />6. ADJOURNMENT <br />Motion by Member Riley, seconded by Member Wiyninger, to adjourn the meeting. <br />Motion carried. Voting Yes: Chairperson MacLennan, Members Riley, Wiyninger, Howell, and <br />Stewart. Voting No: None. Absent: Member Johnson. <br />The regular meeting of the Economic Development Authority adjourned at 8:53 a.m. <br />Respectfully submitted, <br />Sean Sullivan <br />Economic Development Manager <br />Economic Development Authority/ January 12, 2023 <br />Page 2 of 3 <br />