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City of <br /> Elk �-- Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authority= 7.4 <br /> Agenda Section Meeting Date Prepared by <br /> General Business September 20, 2021 Brent O'Neil, Economic Development Director <br /> Item Description Reviewed by <br /> Brokerage Services for EDA Properties Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Approve issuing a Request for Proposals (RFP) for broker services and designate commissioners to <br /> review responses with staff. <br /> Background/Discussion <br /> Following recent discussions by the EDA regarding the list prices of EDA-owned properties, enlisting <br /> the services of a licensed broker was considered as a way to optimize pricing and marketing of the <br /> properties. Staff has drafted an RFP to obtain proposals from interested and qualified brokers. Staff <br /> recommends releasing the RFP and working with two or three commissioners to review responses. Any <br /> contracting with a broker on EDA properties would require approval from the full EDA at a future <br /> meeting. <br /> Financial Impact <br /> N/A <br /> Mission/Policy/Goal <br /> EDA projects may include such activities as acquiring, developing,improving, and disposing of property, <br /> entering into contracts,and operating and maintaining public affairs. <br /> Attachments <br /> ■ Draft RFP for Broker Services <br /> The Elk River Vision <br /> A Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r <br /> service, and community engagement that encourages and inspires prosperity ,g /` UR <br />