Finance Committee - 9/5/2018 Page 9
Alderman Laws
Just had to ask, is parking going to be included in this?
Mr. Cummings
Well yes in regards to we know that parking has to be a component but we would like to leverage the current
parking structures if possible for the opportunity to maybe not necessarily need as much land directly for
parking because we can utilize our existing infrastructure.
MOTION CARRIED
From: Dan Kooken, Purchasing Manager
Re: Contract for Residential Real Estate Brokerage & Marketing Services (Value: $0)
MOTION BY ALDERWOMAN KELLY TO ACCEPT, PLACE ON FILE AND AWARD THE CONTRACT TO
BROCKU REALTY GROUP
ON THE QUESTION
Mayor Donchess
Mr. Cummings, do you want to tell them what this is all about?
Mr. Cummings
Yes Mr. Mayor, thank you. So the contract that is before you, | just want to make sure it is clear, it is Brocku
Realty Group which is part of KW Realty Metropolitan which is the broker that the contract actually would be
signed with. Then there is the Realtors that work under the brokerage umbrella of KW Realty Metropolitan.
Why we are doing this is because we have a few surplus residential properties that have needed to be put
back on to the tax rolls. They mainly came about from two different ways; first being the Broad Street Parkway
and as that project is now closing out, there was some takings that occurred later one that have created now
this opportunity for some of those residential properties to actually go back out onto the private market. And
then if this Board recalls, we, about a year ago, took back some property that were delinquent in their taxes so
we are going to try to get these tax taking properties back on the tax rolls. We are looking to get a residential
broker to market and put these opportunities back out on to the market to hopefully get them back paying
taxes. So that is what this contract does and | would appreciate your favorable endorsement of it.
Mayor Donchess
One of these is West Hollis Street.
Mr. Cummings
Correct.
Mayor Donchess
Which we took for taxes, it needs a lot work so we are hoping to be able to sell it to a responsible party and get
the property upgraded. It’s like 44 or 42, | forget the number; 38 %. Anyway, any discussion or questions.
