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AGENDA ITEM #11.2 <br /> c�ry of <br /> Pequot <br /> Lakes— - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: April 7, 2020 <br /> Subject: Close Converse Commercial Listing Contract <br /> Report: Attached is a Commercial Listing Contract from Close Converse for <br /> broker services to sell City property in the Heart of the Good Life Development. <br /> The Economic Development Commission (EDC), at their meeting held on March <br /> 17th, recommended the City Council enter into this Contract for a minimum of one <br /> year with the stipulation that any current property acquisition discussions with a <br /> company not be subject to this Contract and broker services. The EDC noted that <br /> this is an effort to assist the City in marketing this Development to a broader <br /> audience. <br /> Council Action Requested: Council motion to enter into the Commercial Listing <br /> Contract with Close Converse at the terms specified in the Contract with the <br /> stipulation that any current property acquisition discussions with a company not be <br /> subject to this Contract and broker services. <br />