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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />6/12/2019 <br />Administration <br />VII.5 <br />TITLE OF ISSUE: <br />Listing Agreement - Block 7 - Titus Commercial Real Estate <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />The city's real estate listing agreement with Colliers International for the Block 7 property has now expired. <br />Our agent, from Colliers, was Mike Brass. Mike has now started his own company (Titus Commercial Real <br />Estate). City staff believes our interests would be best served to continue our relationship with Mr. Brass. <br />Therefore, we are recommending entering into a listing agreement with Titus Commercial Real Estate for the <br />Block 7 property. <br />COST AND SOURCE(S) OF FUNDING: <br />8% of sale price (6% if Mr. Brass acts as buyers agent as well) <br />REQUESTED COUNCIL ACTION: <br />Motion to approve listing agreement with Titus Commercial Real Estate for the Block 7 property. <br />For ClerkÓs Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />Vote Record: Aye Nay <br /> _____ <br />_____ <br />Agreement <br />Other (specify) ____________ <br /> _____ _____ Love <br /> _____ _____ Paar <br />_______________________________________________________________ <br /> _____ _____ Koski <br /> _____ _____ Montain _______________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br />37 <br /> <br />