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

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Properties (NAIOP) for the development and construction of the 85,000 square foot Blaine Medical Building. Recognition such as this has helped Premier grow and build an excellent reputation among of clients, as well as, other commercial real estate Brokers. Our staff of three agents and four seasoned Brokers is complimented by accounting and property management services throughout the Twin City metro area. Fee Schedule: Premier would propose to work on a commission basis only whereby Premier would earn a commission when, and only when, a property has been sold and closed. The Brokerage commissions would be paid to Premier at Closing on a property by property basis. Premier's fee for land sales is always negotiable, however, we would like to operate at a 7% sales commission splitting any co -brokerage transaction. Contract Term: Due to the time and effort this project would require, and given the generally long transaction process for commercial product sales, Premier would ask for a 24 month listing, with provisions that would allow for a six month out for either party should the relationship break down and the respective parties are not visibly honoring the contract. Other Fee's / Compensation: Premier would be providing standard brokerage services for standard brokerage fees as discussed earlier. This would include twice a month briefings to staff and city council support on an as needed basis. Any specific or special projects would have to be negotiated on a project by project basis. Any specific research projects or in-depth market studies would also have to be paid on a case by case basis as projects become more specifically defined. Conflicts of Interest: Please note being selected as an agent for the City of Ramsey would be a privilege, however, Premier would continue to solicit other Ramsey business and land owners for the sale and brokerage of their commercial properties during the term of any contract. We are not aware of any other potential conflicts of interest. Good Standint: To the best of our knowledge Premier Commercial Properties, Inc is in good standing with all units of government.