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Economic Development Manager Sullivan acknowledged that it was difficult to market the COR <br />during the Highway 10 project,but that is now completed,and it is anticipated that the <br />transportation numbers and traffic counts will increase. He commented that CBRE does a great <br />job updating marketing materials with the updated traffic numbers when they become available. <br /> <br />Chairperson Wiyninger asked if there are properties the City is listing that Mr. Pankratz believed <br />would be better served by CBRE. <br /> <br />Mr. Pankratz stated that although he would always accept another listing, he is already working <br />collaboratively with staff. He noted that they began with 25 to 30 listings and are now down to <br />less than five, which shows great success. <br /> <br />Economic Development Manager Sullivan commented that Mr. Pankratz and CBRE have been <br />great to work with and are always very responsive. He stated that CBRE is not needed for <br />assistance with housing sites as the City continues to receive interest for that type of development. <br />He stated that there is no change in the properties that will continue to be listed by the City and <br />through CBRE. He recommended approval of the listing agreement as presented. <br /> <br />Motion by Member Johnson, seconded by Member Karpen, to recommend to City Council that <br />approval of the Listing Agreement with CBRE from February 2, 2026, to January 31, 2027, as <br />presented. <br /> <br />Further discussion: Member Lindahl commented that she will abstain from this vote as she and <br />Mr. Pankratz work for the same company, although in different divisions. <br /> <br />Motion carried. Voting Yes: Chairperson Wiyninger, Members Johnson, Karpen, Riley, and <br />Stewart. Voting No: None. Absent: Member Bauer. Abstained: Member Lindahl. <br /> <br />4.02: 2026 Business Network Breakfast Summary and Approval of 2027 Business Network <br />Meeting Budget <br /> <br />Economic Development Manager Sullivan presented the staff report. <br /> <br />Chairperson Wiyninger stated that if five percent or less are complaining, that means you are doing <br />well. He thanked the staff for their continued efforts in making this a great event. <br /> <br />Member Stewart stated that perhaps the doors could open at 7:30 a.m. and that could be advertised, <br />allowing 30 minutes for networking. <br /> <br />Chairperson Wiyninger agreed that it could be marketed that networking begins at 7:30 a.m. and <br />the program begins at 8 a.m. <br /> <br />Member Stewart suggested advertising breakfast to begin at 7:45 a.m., which would allow time <br />for people to settle prior to the program beginning. <br /> <br />Economic Development Authority/ February 12, 2026 <br />Page 3 of 6 <br /> <br />