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Action ITEM #9Contract with Sierra Sotheby’sConsideration of Real Estate Contract with Sierra Sotheby’sConsideration of Real Estate June 5, 2019
Consideration of Real Estate Contract with Sierra Sotheby’s Needs assessment of other properties•Board declared 2007–Surplus •Steele Property•Selling•Showing•Marketing•Retaining professional
services for real property•BACKGROUND / HISTORY Consideration of Real Estate Contract with Sierra Sotheby’s
NEW INFORMATION Sierra Sotheby’s most advantageous to the District •Both qualified•Additional $90,000 yearly retainer•6%•CBRE•6% •Sierra Sotheby’s•process in May 2019For Proposal (RFP)
Request •no activity–After departure •Mr. Hemig had activity•Contract–Dickson Realty •Consideration of Real Estate Contract with Sierra Sotheby’sConsideration of Real Estate Contract
with Sierra Sotheby’s
FISCAL IMPACT or property negotiationsPercentage based on selling property, plus legal fees, closing costs •Consideration of Real Estate Contract with Sierra Sotheby’sConsideration of
Real Estate Contract with Sierra Sotheby’s
RECOMMENDATION General Counsel approval and subject to General Manager to be negotiated by the condition and Sotheby’s, Ron Hemig for real estate/brokerage purposes, terms Authorize
the General Manager to execute a contract with Sierra •Consideration of Real Estate Contract with Sierra Sotheby’sConsideration of Real Estate Contract with Sierra Sotheby’s