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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 17, 2016 <br />TITLE: <br />AGREEMENT WITH CBRE FOR <br />COMMERCIAL BROKERAGE SERVICES <br />(STRATEGIC PLAN NO. 6, 1G ) <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on Vt Reading <br />❑ Ordinance on 2 °a Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Authorize the City Manager and Clerk of the Council to execute an agreement with CBRE, <br />subject to nonsubstantive changes approved by the City Manager and City Attorney, to <br />provide Commercial Brokerage services for the three -year term beginning May 18, 2016, <br />through May 18, 2019, with provision for two one -year term extensions exercisable by the City <br />Manager and the City Attorney, in an amount not to exceed $50,000 over the life of the <br />agreement. <br />2. Authorize the Executive Director of Public Works to reject the sole noncompetitive Proposal <br />for Residential Brokerage Services and re -issue a new Request For Proposal for the same <br />service. <br />3. Approve the Inventory List of Remnant Commercial Properties to consider for sale. <br />DISCUSSION <br />Over the past 20 years, the City has acquired a number of properties for various projects <br />throughout Santa Ana. These projects have been completed and the remaining parcels are no <br />longer needed for City purposes. The desired brokerage services will primarily consist of <br />financial and marketing analysis, and asset management, leading up to and including the ultimate <br />sale of the remnant properties. During the agreement term, the firm's services will also be used <br />as needed for general project real estate consulting. <br />A Request for Proposals (RFP) for Residential and Commercial Brokerage services was posted <br />on the City's website on November 13, 2015. Proposers were given the option of submitting <br />individual proposals for either or both of these brokerage services. Five proposals for <br />Commercial Brokerage services were received and four were deemed complete and responsive. <br />The proposals were evaluated by a six - member committee comprised of staff from Public Works, <br />25G -1 <br />