2019.08.07 EDC Packet - Laserfiche WebLink

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REQUEST FOR COMMISISON CONSIDERATION ITEM DESCRIPTION: Ryan/Colliers Agreement Extension Recommendation DEPARTMENT HEAD’S APPROVAL: CITY MANAGER’S APPROVAL: No comments to supplement this report ___ Comments attached ___ Recommendations: Provide a recommendation to Council on whether to extend the existing agreement with Ryan Companies and Colliers regarding development and brokerage services in the New Brighton Exchange. History: Ryan Companies Agreements  June 28, 2011: Original Redevelopment Services Agreement executed. The agreement outlines services rendered, key personnel, fees, and other related items. This agreement is “non-binding” meaning a user in New Brighton Exchange is not required to use Ryan Companies as their developer/contractor. The term of the agreement was 3.5 years, expiring on December 31, 2014.  November 25, 2014: 1st Amendment to the Redevelopment Services Agreement executed. This amendment extended the term to December 31, 2017 and amended the key personnel involved in providing services.  November 14, 2017: 2nd Amendment to the Redevelopment Services Agreement executed. This amendment extended the term to December 31, 2019. The rest of the terms remain unchanged. Colliers International Agreements  June 28, 2011: Original Listing Agreement executed. The agreement outlines agent duties, term, compensations, and other related items. The term of the agreement was two years, expiring on June 27, 2013.  September 24, 2013: First Amendment to the Listing Agreement executed. The first amendment extended the term to December 31, 2014. The rest of the terms remained unchanged. Agenda Section: VI Item: 3 Report Date: 07/30/19 Commission Meeting Date: 08/07/19