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Agreement for Commercial Real <br />Estate Leasing Services <br />August 6, 2012 <br />Page 2 <br />Staff selected CIBA Real Estate based on the thoroughness of its proposal, professional expertise, <br />and knowledge of the Southern California market, experience working with local government <br />agencies, and competitive compensation structure. Under the proposed agreement, CIBA will <br />develop a broad marketing strategy to generate maximum exposure and attract strong prospective <br />tenants; conduct an extensive market analysis to attain accurate pricing and position for the space; <br />and assist with negotiating lease terms. <br />FISCAL IMPACT <br />CIBA will be compensated a commission equal to five percent of the total lease consideration. The <br />commission -based compensation structure of the proposed agreement stipulates that CIBA will <br />only be compensated should the firm successfully place a tenant. Funds are available in the <br />SARTC program account for professional contract services (accounting unit 06717650- 62300). <br />Ra Godinez II <br />Executive Director <br />Public Works Agency <br />RG /AF <br />Exhibits: 1. Agreement <br />2. CIBA Marketing and Listing Proposal <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />25D -2 <br />