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Agenda Packet_2026-02-17
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Agenda Packet_2026-02-17
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2/11/2026 8:28:38 AM
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2/11/2026 8:25:15 AM
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City Clerk
Doc Type
Agenda Packet
Agency
City Council
Date
2/17/2026
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Land Value <br /> <br />CBRE VALUATION & ADVISORY SERVICES 21 © 2025 CBRE, INC <br /> <br />Our sales research focused on transactions within the following parameters: <br />• Location: Within a 5-mile radius. <br />• Size: 5,000 square feet to 55,000 square feet. We initially searched for sites that are one-acre <br />(43,560 square feet) and smaller, but limited data was found so we expanded our parameters. <br />• Use: We focused our search on site with a similar commercial zoning designation. <br />• Transaction Date: December 2023 to the present. <br />The following map and table summarize the comparable data used in the valuation of the subject site. A <br />detailed description of each transaction is included in the addenda. <br /> <br /> <br /> <br /> <br /> <br />City Council 17 – 37 2/17/2026
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