Agenda - Council - 07/22/2014 - Laserfiche WebLink

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PURCHASE AND SALE CONTRACT For Seller: City of Ramsey Contact: Ted LaFrance 7550 Sunwood Dr. NW Ramsey, MN 55303 Telephone: (763) 433-9830 tlafrance@ci.ramsey.mn.us 12. BROKER. Each party represents and warrants to the other that CBRE I Land Services Group is the only Broker in connection with the sale of the Property. Seller agrees to pay CBRE f Land Services Group as the Broker in this transaction, in cash, at closing, an undisclosed arnount per the listing agreement. Buyer and Seller each warrant and represent to the other that no real estate broker or agent other than Broker aforementioned have been used or consulted in connection with the negotiation or execution of this Agreement and each covenants and agrees that it will defend, indemnify and save the other harmless from and against any actions, real estate commissions, fees, costs and /or expenses (including reasonable attorney's fees) resulting or arising from acts of the indemnifying party and resulting in commission, fees, costs and/or expenses being actually found due to any real estate broker or agent by a court of competent jurisdiction in connection with the purchase and sale, if at all, of the Property. 13. AGENCY DISCLOSURE. THE BUYERS ARE LICENSED REAL ESTATE BROKERS IN THE STATES OF MISSOURI AND ALABAMA. The listing company is: CBRE I Land Services Group The selling company is: CBRE I Land Services Group The listing company is (two may be checked): An agent of the seller. ❑ An agent of the buyer. ❑ An agent of both the seller and buyer and is acting as a limited consensual dual agent. ❑ Assisting the Obuyer [] seller (check one or both) as a transaction broker. The selling company is (two may be checked): ❑ An agent of the seller. D An agent of the buyer. ❑ An agent of both the seller and buyer and is acting as a limited consensual dual agent. /1 11 Assisting the /4 buyer ❑ seller (check one or both) as a transaction broker Buyer's Initials Seller's InitialsI ik"