City Council Minutes 2004 10 05 - Laserfiche WebLink

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Louisville City Council Meeting October 5, 2004 Page 5 of 9 Deputy City Manager Julie Boyd reported the City mailed requests for proposals to ten real estate agencies and published a notice in the Daily Camera. The following five companies responded: · Marcus & Millichap, Denver · The Colorado Group, Boulder · Verus (formerly The Colorado Group-East), Lafayette · Dean Callan & Co., Boulder · Richardson & Associates, Louisville Boyd stated the proposals were very similar in terms of commission, proposed marketing plan and estimated value of building. Based on recent experience in real estate sales in Louisville, Staff recommends that the city sign an agreement with The Colorado Group of Boulder for services to sell the library building. COUNCIL COMMENT Council member Keany asked if there was a specific broker the City would work with. City Manager Bill Simmons stated the City will work with Terry Kruegel. Council member Keany asked if all the bids were competitive, with the same commission rate. Boyd responded yes. Council member Keany asked if the policy to buy locally would apply with the hiring of a real estate broker. Boyd stated that because of the criteria required for a real estate broker, it would not fall under the buy locally policy. City Manager Bill Simmons stated the City has been in contact with potential buyers for the building, and would require the services of a broker if the building were sold to one of them, but would negotiate that a lower commission be paid. MOTION: Council member Marsella moved that Council authorize the City Manager to enter into an agreement with The Colorado Group, Inc. to provide services related to the sale of the Louisville Public Library Building, 950 Spruce Street, seconded by Council member Keany. Roll call vote was taken. The motion passed by a vote of 7-0. CITY MANAGER'S REPORT ON ESTIMATED COSTS OF LOUISVILLE BALLOT ISSUE 200 Mayor Sisk requested a Staff presentation. City Manager Bill Simmons reported that Council requested the City Staff prepare a cost analysis of the implementation of the Charter Amendments. The analysis estimated costs for capital items and staff time required if Ballot Initiative 200 is approved by the voters.