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Resolutions: 763

Resolution Number

763 

Resolution Subject

Approving an Exclusive Brokerage Agreement with Jeff Kraft of Kidder Mathews for a term through December, 2015

Date Adopted

6/23/2014 

Repealed By

 

Amended By

 

Resolution

RESOLUTION NO. 763

 

A RESOLUTION OF THE CITY OF UNIVERSITY PLACE, WASHINGTON, APPROVING AN EXCLUSIVE BROKERAGE AGREEMENT WITH JEFF KRAFT OF KIDDER MATHEWS FOR A TERM THROUGH DECEMBER 2015

 

 

WHEREAS, in spring of 2010 the City executed an Exclusive Sale Listing Agreement and an Exclusive Lease Listing Agreement with Jeff Kraft as broker to sell and lease the City property within the University Place Town Center Overlay Zone; and

 

WHEREAS, Jeff Kraft’s work resulted in the current active development within the City-owned portions of Town Center; and

 

WHEREAS, the City’s prior agreement with Kidder Mathews for Jeff Kraft’s work expired on December 31, 2013; and

 

WHEREAS, Lot 12 of the Town Center Overlay Zone remains available for sale, and the North retail space and Library Expansion space in the University Place Civic Building remain available for lease; and

 

WHEREAS, in addition, the City has certain property which has been or may be declared surplus to the City’s needs, and the proposed brokerage agreement would allow Kidder Mathews to market any City property formally designated by resolution of the City Council as surplus to the City’s needs; and

 

WHEREAS, based on the capabilities of Kidder Mathews and the past performance of Jeff Kraft, staff recommend entering into an exclusive brokerage agreement with Jeff Kraft of Kidder Mathews through the end of 2015; and

 

            NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY PLACE, WASHINGTON, AS FOLLOWS:

 

Section 1.         Incorporation of Recitals. The recitals are hereby incorporated herein as if set forth in full.

 

Section 2.         Approval of Form of Documents. The City Council hereby approves execution of the Exclusive Brokerage Agreement in substantially the form of the document accompanying this Resolution.

 

Section 3.         Completion of Transaction. The City Manager is authorized to take and execute any additional measures or documents that may be necessary to complete this transaction, which are consistent with the approved form of documents attached to this Resolution, and this Resolution.

 

            Section 4.         Effective Date.  This Resolution shall be effective immediately upon adoption by the City Council.

 

ADOPTED BY THE CITY COUNCIL ON JUNE 23, 2014.

 

 

 

                                                                                                ________________________________
Denise McCluskey, Mayor

 

 

 

 

ATTEST:

 

 

_____________________________

Emelita Genetia, City Clerk

 

APPROVED AS TO FORM:

 

 

_____________________________

Steve Victor, City Attorney

 

Council Minutes

Special Meeting Minutes-20140623-0804 

ResolutionID

Resolution:763-19020201-763 
Attachments
763-Exclusive Brokerage Agreement with Exhibit A.pdf    
Content Type: Resolution
Created at 6/24/2014 2:30 PM  by Emelita Genetia 
Last modified at 7/8/2014 8:42 AM  by Emelita Genetia