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Agreement for Commercial Brokerage Services <br />May 17, 2016 <br />Page 2 <br />Planning and Building, Community Development, the City Manager's Office, and a member of the <br />City of Anaheim's real property team, Each firm was rated according to its experience, <br />qualifications, project understanding, staffing and project organization, financial stability, <br />references, and cost. The following table is a list of the firms and their respective scores: <br />Commercial Brokerage Services <br />1. <br />CB RE <br />92.4 <br />2, <br />Starting Gate SPD Inc. <br />83.3 <br />3. <br />S er Van Ness <br />79.5 <br />4. <br />INCO Commercial <br />61.9 <br />Staff recommends executing an agreement with CBRE, based on its high rating and experience <br />in performing similar work with other public agencies. The consultant will receive a commission <br />for properties sold based on a fixed percentage, Compensation for as- needed, general project <br />real estate consulting will be at an hourly rate, for a total amount not to exceed $50,000. <br />Only one proposal was received for Residential Brokerage Services. It is recommended that this <br />proposal be rejected and a new RFP be issued for an extended submittal period to encourage <br />interest and competition. <br />W-11112reim 401111 <br />Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans). <br />-# x <br />There is no environmental impact associated with this action. <br />Commissions on properties sold will be based on a fixed percentage per Fee Proposal (Exhibit <br />3). Funds for general project consulting services will be budgeted for anticipated expenditure in <br />FY 2016/17 through FY 2020/21, if renewal options are exercised, as shown below: <br />25G -2 <br />