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CBRE <br />SCHEDULE 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 rand 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 />regal 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 />CBRE, Inc. <br />Licensed Real Estate Broker <br />By: mil. tC Gam . t <br />Y <br />Richard Palmiter <br />Title: Vice President <br />By: ,` <br />ran Pankraiz� <br />Title: Vice President <br />APPROVED this 28th day of January , 2014 <br />OWNER: <br />City of Ramsey <br />By: <br />Sarah Strommen <br />Its: Mayor . <br />By: <br />rt Ulric <br />s: City Administrator <br />OWNER: <br />RamserHousin <br />By: <br />Ralhdy B <br />its: HRA <br />By: <br />cared aFrance�' <br />Its: Executive Dire <br />pment Author <br />HRA) <br />N.:I,Team-BrokerageISupped_BRKlaadafsIBROMERAGkegal Fwmsl207 ! - Commission Schedole - Land doc <br />