HomeMy WebLinkAboutResolutions - No. 2007-195RESOLUTION NO. 2007-195
A RESOLUTION OF THE LODI CITY COUNCIL
AWARDING BROKERAGE SERVICES TO SELL
SURPLUS CITY -OWNED REAL ESTATE PROPERTIES
WHEREAS, in answer to notice duly published, request for proposals were
received and opened on September 19, 2007, for brokerage services to sell surplus City -
owned real estate properties approved by the City Council; and
WHEREAS, said bids have been compared, checked, and tabulated and a report
thereof filed with the City Manager as follows:
BrokMae Company
Sae Prica
Brokeraae Fee
Cornish & Carey Commercial, Roseville, CA
Greater than $2 million
5%
Less than $2 million
69/6
Baker Pearson Real Estate, Lodi, CA
Any sale amount
4.5%
Coldwell Banker Commercial, the Duncan Co.
Inc., Woodbridge, CA
Up to $2 million
4%
Sale price minus $2 million
6%
WHEREAS, considering the commercial marketing experience and a well -
structured two-tiered brokerage fee proposal of Coldwell, staff hereby recommends to
the City Council to award the Brokerage Services to Coldwell Banker Commercial, the
Duncan Co. Inc., of Woodbridge, CA.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council hereby
awards the brokerage services to sell surplus City -owned real estate properties to
Coldwell Banker Commercial, the Duncan Company, Inc., of Woodbridge, CA; and
BE IT FURTHER RESOLVED that the City Manager is hereby authorized and
directed to execute any and all contracts/agreements for these services on behalf of the
City of Lodi.
Dated: October 3, 2007
I hereby certify that Resolution No. 2007-195 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held October 3, 2007, by the
following vote:
AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Katzakian, and
Mounce
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — Mayor Johnson
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PDIOHL
City Clerk
2007-195