HomeMy WebLinkAboutResolution No. 006-26 - Resolution - North Rock Real Estate Broker Services
RESOLUTION
Adopting a Resolution Approving the Acceptance of the RFP Proposal from North
Rock Real Estate for Brokerage Services Related to the Marketing and Sale of the
Fire Station 2 Excess Land
WHEREAS, the City of Rochester (the “City”) has identified twenty-two City-owned
parcels for potential disposition in alignment with its long-term real estate and economic
development strategies, including the 1.1-acre parcel of excess land adjacent to Fire
Station 2 (the “Site”); and
WHEREAS, the City, with support from Dialect Real Estate Advisors (“Dialect”), issued
a competitive Request for Proposals (“RFP”) seeking qualified real estate brokerage
firms to lead the marketing and sale of the Site; and
WHEREAS, following evaluation of the firms’ qualifications, local expertise, proposed
strategies, team capacity, and alignment with the City's objectives, the City and Dialect
recommend selecting North Rock Real Estate (“North Rock”) as the brokerage firm best
positioned to market the Site; and
WHEREAS, North Rock’s proposal includes targeted outreach to multifamily,
commercial, hospitality, medical-adjacent, and mixed-use developers; a defined 90–
120-day active marketing window; local market presence; and a comprehensive
brokerage and reporting approach, as further detailed in their submitted proposal (the
“Proposal”); and
WHEREAS, acceptance of North Rock’s Proposal will allow the City to proceed with the
structured marketing and potential sale of the Site consistent with its real estate
disposition framework and strategic priorities;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Rochester, Minnesota, that the City hereby approves and accepts the RFP Proposal
submitted by North Rock Real Estate for brokerage services related to the marketing
and sale of the Fire Station 2 excess land and authorizes staff and Dialect Real Estate
Advisors to execute the necessary engagement documents and proceed with the
brokerage assignment.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2026.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2026.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)