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CBRESCHEDULE OF LAND SALE COMMISSIONS <br /> CBRE,INC. <br /> BROKERAGE AND MANAGEMENT <br /> LICENSED REAL ESTATE BROKER <br /> FOR PROPERTY: (See Exhibit"A") <br /> NOTICE: THE COMMISSION RATE FOR THE SALE, LEASE, RENTAL, OR MANAGEMENT OF REAL <br /> PROPERTY SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND ITS CLIENT. <br /> As to all sales of real property, the commission shall be calculated on the basis of five percent (5%) of the gross sales <br /> price of the property paid to owners at closing. If a cooperative broker is involved,the total commission payable to Broker <br /> and cooperative Broker shall be calculated on the basis of seven percent(7%)of the gross sales price of the property paid <br /> to owners at closing.This commission shall be paid at the time of execution and delivery of the Deed; provided that if the <br /> transaction calls for a contract for deed, then upon execution of said contract. In the event a joint venture agreement is <br /> effected in lieu of a sale,then the commission shall be calculated on the basis of the value of the property as determined <br /> for purposes of the joint venture agreement and the percentage of interest thereof which is being conveyed to the new joint <br /> venture partners and the commission in this event shall be paid upon execution of the joint venture agreement. <br /> The minimum gross sale price for industrial and office land,for the purpose of calculating CBRE's commission only,shall <br /> be$2.00 per square foot. CBRE shall receive a minimum fee of$5,000.00 for the sale of any residential parcel of land <br /> greater than$45,000;and,a minimum fee of$3,500.00 for the sale of any residential parcel of land less than or equal to <br /> $45,000. <br /> The provisions hereof are subject to the terms and provisions of any Authorization of Sale, Exclusive Leasing Agreement <br /> or other agreement to which this Schedule may be attached and which is executed by the parties hereto. <br /> In the event Owner fails to make payments within the time limits called for herein, then from the date due until paid, the <br /> delinquent payment shall bear interest at four percent per year. In addition,should it become necessary for CBRE to take <br /> legal action to collect payments due hereunder, and if CBRE prevails in such action, Owner shall pay all reasonable <br /> attorneys fees and court costs incurred by CBRE in connection therewith. <br /> The undersigned Owner hereby acknowledges receipt of a copy of this Schedule and further agrees that it shall be binding <br /> upon the heirs, successors and assigns of the undersigned. The term "Owner", when used herein, shall be deemed to <br /> mean the owner of the property,a tenant under a ground lease,and any tenant desiring to effect subleases. <br /> APPROVED this 28th day of January 2014 <br /> CBRE, Inc. OWNER: <br /> Licensed Real Estate Broker City of Ramsey <br /> By: \C�Ccu By: <br /> Richard Palmiter Sarah Strommen <br /> Title: Vice President Its:Mayor <br /> By. Bfian Pankratz By. <br /> Title: Vice President rt Ulric <br /> S: City Administrator <br /> OWNER: <br /> Ramse usin ndevel pment Author ty(HRA) <br /> By: <br /> Raridy bagcous <br /> Its: HRA air <br /> By: <br /> ed LaFrance <br /> Its: Executive Dire or <br /> N.lTeam-BrokemgelSupport BRKlaadatalBROKERAGLLega/Forms12011-Commission Schedule-Land.doc <br />