Agenda - Council - 12/10/2013 - Laserfiche WebLink

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properties. Together, we feel we will be able to aggressively market the properties available for sale in our respective areas of expertise:. 3. FEE SCHEDULE/TERM: COMMISskr ►t Fees The City of Ramsey is seeking a relationship in which all fees for services are paid through commission fees, at the time of closing. The City does net wish to pay regular, monthly or upfront fees. A. Please state your required commission fee/rate R. Please state your required co -broker eotirrrrission fee/rate, if applicable CBC Griffin Companies requests: A. 7% commission in situations not involving a co -broker B. 9% commission in situations involving a eo-broker to be divided with -broker. Carry -Urger Compensation The City of Ramsey is seeking a relationship in which au "carry-over" compensation is required. Meaning, when the proposed contract for real estate services is terminated, compensation fees would no longer be required. C, Please indicate any `earry-ue'er' fees your firm would require. Within six months of the expiration or termination of the listing agreement (protective period), CBC Griffin Companies will earn comtnissiorn fees in accordance with the percentages described above should the City of Ramsey sell a property (or properties) to any person or entity, if said person or entity is on CBC Griffin Companies' written "protected List" provided to the City of Ramsey within 72 hours of the expiration or termination of the listing agreement, Any sales not covered under the terns of this listing agreement will not be compensated. Contract Term The City understands the process to sell a large inventory of land will likely take several years. It is the City's intent to develop and sustain a long-term positive relationship with the selected brokerage firm. With the above information in mind, the City is seeking a relationship in which both parties retain flexibility in relation to the terns of the proposed contract for real estate broker services —the City does NOT wish to enter into a long term contract. D, Please indicate the minimum term contract your firm would require. E. Please indicate any early termination contract provisions required. D. CBC Griffin Companies requests a 24-month listing agreement. E. After the initial 18(1 days of the listing has past, the listing agreement can be terminated by either party with a 90-day written notice. Odle, FeesYr rmpensution The City of Ramsey is seeking a relationship in which the only Fees required For real estate broker services are commission fees, at the time of closing. R. Please indicate "other" fees your firm may require for brokerage services. 1a. CIJC Griffin requests $600 sign and advertising allowance for each parcel to be paid by the City of Ramsey tipon signing of the listing agreements. The sign and advertising allowance will he offset against and reduce the commissions carried by CBC Griffin Companies at closing.