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Contract Term <br />The City understands the process to sell a large inventory of land will likely take <br />several years. It is the City's intent to develop and sustain a long -term positive <br />relationship with the selected brokerage firm. <br />With the above information in mind, the City is seeking a relationship in which both <br />parties retain flexibility in relation to the term of the proposed contract for real <br />estate broker services —the City does NOT wish to enter into a long term contract. <br />D. Please indicate the minimum term contract your firm would require. <br />E. Please indicate any early termination contract provisions required. <br />Other Fees /Compensation <br />The City of Ramsey is seeking a relationship in which the only fees required for real <br />estate broker services are commission fees, at the time of closing. <br />SCOPE OF SERVICES <br />F. Please indicate "other" fees your firm may require for brokerage services. <br />NOTE: the City may call upon the selected broker for support on special <br />projects /additional services. Additional fees for said special projects will be <br />negotiated at that time of request. See "Scope of Services" section for <br />greater detail —Item H. <br />4. CONFLICT OF INTEREST: k order to avoid a conflict of interest, or the appearance <br />of a conflict of interest, your firm should not engage in any outside activities that are <br />inconsistent, incompatible, or appear to conflict with your ability to exercise <br />independent/objective judgment in the best interest of the City. Please outline all <br />conflicts of interest that may exist for your firm in relation to providing real estate <br />services for the City. <br />5. GOOD STANDING: Your firm must be in compliance with Federal, State, County <br />and Local units of government; which specifically includes good tax payment status <br />and good corporate registration status. Please indicate your firm's tax and corporate <br />registration status. <br />A. Work with (and advise) the City on strategies for marketing, pricing and the sale of <br />City owned properties. <br />B. Develop, distribute, list, and maintain real estate marketing materials and related <br />information. <br />C. Conduct basic market analysis for City owned properties available for sale. <br />RFP, Real Estate Broker Services: City of Ramsey 09/30/2013 Page 3 of 4 <br />