Resolution to Authorize a Contract with a Real Estate Broker for the Sauk County Health Care Center

Committee Status: 
Approved
Budget Status: 
External Source
Decision Impact: 
Major
FTE Impact: 
No
Funding Source: 
Other (see budget status)

Purpose

 To Authorize a Contract with a Real Estate Broker for the Sauk County Health Care Center

Background

BACKGROUND:

Resolution 98-2023 authorized the Expansion of Long-Term Care Continuum in Sauk.  This Resolution authorized using a Real Estate Broker to sell the Sauk County Health Care Center Facility (SCHCC).  The Property Committee, at a January 9, 2024, meeting, directed the Administrator and Corporation Counsel put out a Request for Proposal for a Real Estate Broker to potentially sell the SCHCC.  To do this Marcus & Millichap Real Estate Investment Services, Inc. (MMREIS) was selected based on their proven ability and price provided.

Resolution Files: 
PDF icon resolution_authroizing_a_contract_with_a_real_estate_broker.pdf
Budget Status (Other/External Sources): 

The Broker fees will be taken from the net proceeds of the sale of the SCHCC.

Resolution Body

BE IT FURTHER RESOLVED that the broker fees 3% will be taken from the net proceeds of the sale of the SCHCC.

 

Approved for presentation to the County Board by the Property Committee, this 20th day of February 2024

 

Consent Agenda Item: [  ] YES  [  ] NO

 

Fiscal Impact: [  ] None   [  ] Budgeted Expenditure    [  ] Not Budgeted

 

Vote Required:  Majority = _____       2/3 Majority = _____        3/4 Majority = ________

 

The County Board has the legal authority to adopt:  Yes ______ No ________ as reviewed by the Corporation Counsel, _________________________________, Date:  ________________ .

 

           

Offered and passage moved by:

Property Committee                        

 

_________________________________     £ Aye     £ Nay     £ Abstain     £ Absent        

Chair, Mark “Smooth” Detter       

 

_________________________________     £ Aye     £ Nay     £ Abstain     £ Absent

Supervisor Carl Gruber

           

      _________________________________     £ Aye     £ Nay     £ Abstain     £ Absent

      Supervisor Robert Spencer         

     

    

   

      _________________________________     £ Aye     £ Nay     £ Abstain     £ Absent

      Supervisor Joel Chrisler                                                                                

 

      _________________________________     £ Aye     £ Nay     £ Abstain     £ Absent

      Supervisor James Astle

 

                                                       

 

                                                           

Fiscal Note:  The Broker fees will be taken from the net proceeds of the sale of the SCHCC.

 

MIS Note: No Impact

BE IT FURTHER RESOLVED that the broker fees 3% will be taken from the net proceeds of the sale of the SCHCC.

 

Approved for presentation to the County Board by the Property Committee, this 20th day of February 2024

 

Consent Agenda Item: [  ] YES  [  ] NO

 

Fiscal Impact: [  ] None   [  ] Budgeted Expenditure    [  ] Not Budgeted

 

Vote Required:  Majority = _____       2/3 Majority = _____        3/4 Majority = ________

 

The County Board has the legal authority to adopt:  Yes ______ No ________ as reviewed by the Corporation Counsel, _________________________________, Date:  ________________ .

 

           

Offered and passage moved by:

Property Committee                        

 

_________________________________     £ Aye     £ Nay     £ Abstain     £ Absent        

Chair, Mark “Smooth” Detter       

 

_________________________________     £ Aye     £ Nay     £ Abstain     £ Absent

Supervisor Carl Gruber

           

      _________________________________     £ Aye     £ Nay     £ Abstain     £ Absent

      Supervisor Robert Spencer         

     

    

   

      _________________________________     £ Aye     £ Nay     £ Abstain     £ Absent

      Supervisor Joel Chrisler                                                                                

 

      _________________________________     £ Aye     £ Nay     £ Abstain     £ Absent

      Supervisor James Astle

 

                                                       

 

                                                           

Fiscal Note:  The Broker fees will be taken from the net proceeds of the sale of the SCHCC.

 

MIS Note: No Impact

Requested Board Review Date: 
Tuesday, February 20, 2024
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