Agenda - Council - 02/24/2026 - Laserfiche WebLink

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(Tough remnant to sell) 2. Parcel 48e - Pt of 28-32-25-24-0017 (COR Trust Bank Under Contract) - approximately 0.73 acres - $6.50 / SF 3. Parcel 48a - Pt of 28-32-25-24-0017 (Large mixed use / commercial /residential) approximately 13 acres - $5.50 / SF 4. Parcel 52b - 28-32-25-13-0092 - (Former AEON Option -High Density Residential) 1.36 acres - $4.00 / SF 5. Parcel 52c - 28-32-25-13-0034 - (Medium Density Residential) approximately 1.58 acres - $4.00 / SF Alternatives: 1) Approve Listing Agreement with CBRE (as presented) 2) Approve Listing Agreement with CBRE (with changes) 3) To not Utilize CBRE Listing Services and to have Staff List all Properties 4) Something Else Funding Source: There is no immediate or initial up -front costs. CBRE is only paid at time of sale, and a commission is deducted from the gross sales price rather than an hourly rate. In addition, Staff previously negotiated a reduction of commission from 5% to 3% for City generated leads on CBRE listed property which continues in this Listing Agreement term. Recommendation: Adopt Resolution #26-051 Approving CBRE Real Estate Listing Agreement for City Owned Land in COR (as presented) The EDA met on February 12, 2026 and unanimously recommended approval of the terms in the attached Listing Agreement with CBRE. Outcome/Action: Motion to Adopt Resolution #26-051 Approving CBRE Real Estate Listing Agreement for City Owned Land in COR (as presented) Attachments ACTION - Resolution #26-051 ACTION - Amendment to CBRE Listing Agreement COR Listing Map 2026 CBRE Land Review 2026 CBRE Prospect List CBRE Marketing Analysis Q4 2025 and 2026 Outlook 2019 CBRE Listing Agreement EDA DRAFT Minutes 2-12-26 Form Review Inbox Reviewed By Date Brian Hagen Brian Hagen 02/19/2026 12:14 PM Form Started By: Sean Sullivan Started On: 02/12/2026 02:22 PM Final Approval Date: 02/19/2026