2.2.
CC Work Session
- Meeting Date:
- 05/25/2021
- Submitted For:
- Sean Sullivan
- By:
- Sean Sullivan, Community Development
Information
Title:
Pricing Strategy (portions of meeting may be closed to the public under Minnesota Statutes Section 13.D.05 Subdivision 3(c)(1) to consider to determine the asking price for real or personal property to be sold by the government entity)
Purpose/Background:
Purpose:
Review pricing strategy for the sale of city owned land.*
Review pricing strategy for the sale of city owned land.*
*The pricing strategy discussion will occur during closed session under Minnesota Statutes Section 13.D.05 Subdivision 3(c)(1) (to consider to determine the asking price for real or personal property to be sold by the government entity). UPDATE (5/21) Staff will be brining the pricing sheet to the meeting, not emailing in advance. Council will have additional opportunities to review in future closed session as well. The attached reference map shows the various properties currently available for sale/ purchase as well as some that have sold since the last time pricing was reviewed. Although CBRE is the City's broker, for various reasons, they are not listing all available City owned properties. Staff has received EDA input on the proposed/ updated pricing strategy and wants to share this information with the Council in a closed session to address any questions.
Notification:
NA
Observations/Alternatives:
The pricing strategy is used by staff as a guide for real estate negotiations. The Council ultimately approves all land sales by separate action.
Funding Source:
NA
Recommendation:
NA
Action:
Confirm a Pricing Strategy for City owned land.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Sean Sullivan (Originator) | Sean Sullivan | 05/19/2021 04:29 PM |
| Brian Hagen | Tim Gladhill | 05/20/2021 01:17 PM |
| Kurt Ulrich | Kurt Ulrich | 05/20/2021 02:25 PM |
- Form Started By:
- Sean Sullivan
- Started On:
- 05/17/2021 11:47 AM
- Final Approval Date:
- 05/20/2021