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Request for Action <br /> <br /> <br />To Item Number <br />Economic Development Authority 8.6 <br />Agenda Section Meeting Date Prepared by <br />General Business January 17, 2023 Brent O’Neil, Economic Development Director <br />Item Description Reviewed by <br />Brokerage Agreement Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Approve, by motion, the amendment to the brokerage listing agreement between the EDA and Hardin <br />Companies. <br /> <br />Background/Discussion <br />Ryan Hardin of Hardin Companies has served as broker representative of EDA properties since January of <br />2022, and it is recommended Hardin Companies continue to provide brokerage services to the EDA in 2023. <br />The listing agreement will extend the engagement of Hardin Companies until January 2024 upon approval of <br />the amendment. <br /> <br />Financial Impact <br />Terms remain the same. Any fee associated with the sale of property will be deducted from the sale proceeds at <br />closing. <br /> <br />Mission/Policy/Goal <br />Attract new business development to Elk River to build the City’s economic vibrancy, job offerings and <br />tax base. <br /> <br />Attachments <br /> Listing Agreement with Hardin Companies <br /> Amendment – Listing Agreement Extension <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />