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(Tough remnant to sell) <br />2. Parcel 48e - Pt of 28-32-25-24-0017 (COR Trust Bank Under Contract) - approximately 0.73 acres - $6.50 / <br />SF <br />3. Parcel 48a - Pt of 28-32-25-24-0017 (Large mixed use / commercial /residential) approximately 13 acres - <br />$5.50 / 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 2, 2026 - January 31, 2027 as <br />presented. <br />Outcome/Action: <br />Motion to recommend to City Council approval of the Listing Agreement with CBRE from February 2, 2026 - <br />January 31, 2027 as presented. <br />ACTION - 2026 Listing Agreement - CBRE <br />COR Listing Map 2026 <br />Parcel 50C Listing <br />Parcel 47F Listing <br />Parcel 48C Listing <br />2026 Land - Market Review <br />Q4 Industrial Market <br />Q4 Office Market <br />2019 CBRE Listing Agreement <br />Prospect List CBRE <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 02/04/2026 02:00 PM <br />Form Started By: Sean Sullivan Started On: 02/02/2026 09:30 AM <br />Final Approval Date: 02/04/2026 <br />