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<br /> <br /> <br /> <br />1900 LaSalle Plaza <br /> <br />800 LaSalle Avenue <br /> <br />Minneapolis, MN 55402 <br />+1 952 924 4600 <br /> <br /> <br />May 2, 2019 <br /> <br /> <br /> <br />BY ELECTRONIC MAIL <br />City of Ramsey <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br /> <br />Attention: Sean Sullivan and Kurt Ulrich <br /> <br /> Re: <br />Exclusive Sales Listing Agreement <br /> Multiple Land Parcels, City of Ramsey, Minnesota <br /> Vacant Land Exhibit B <br /> <br />Dear Sean and Kurt, <br /> <br /> Thank you for selecting CBRE, Inc. () to represent you. The terms of our engagement are contained <br />. <br /> <br />1. <br /> <br />2. During the Term, you appoint us your exclusive agent with the right to list and market the Property <br />for sale and to negotiate agreements for the sale of the Property (which includes portions thereof). <br />If, during the Term, the Property is removed from the market because escrow is opened or an offer <br />to purchase the Property is accepted, and if the sale is not consummated for any reason, then the <br />Term will be extended by the longer of the number of days that (i) escrow was open or (ii) the <br />Property was removed from the market, but in no event more than 180 calendar days in the <br />aggregate. <br /> <br />3. We will commit the appropriate number of qualified and licensed professionals to this engagement. <br />Your is comprised of Brian Pankratz. We will have the right to change members of <br />the Listing Team as necessary and appropriate. The Listing Team shall owe you duties of trust, <br />confidence and loyalty. <br /> <br />4. We will offer the Property at an initial listing price that is per separate agreement and Acceptable <br />to Owner, although the Property may be sold upon such other terms as you may agree. However, <br />it is your right to: (a) approve, modify, reject or disapprove any and all proposals and offers as well <br />as any prospective purchasers for the Property and (b) adjust the terms and conditions of any offer <br />made, including but not limited to, adjusting the Property <br /> <br />5. We will work with you to create and implement a sales strategy for the Property, including <br />preparation of appropriate and customary marketing materials (such as an offering brochure). In <br />developing the strategy, we will rely on (without requirement to verify) any information provided to <br /> However, we will not issue <br />any written marketing materials without your prior written approval. Further, you authorize us to <br />place one or more signs on the Property as we deem appropriate. <br /> <br />6. The success of this engagement relies, in part, on cooperation and communication between us. <br />Therefore, you agree to: (i) provide us with all available information to assist us in marketing the <br />Property; (ii) immediately refer to us all purchase inquiries for the Property; and (iii) conduct all <br />negotiations with prospective purchasers exclusively through us. <br />C:\\Users\\ssullivan\\AppData\\Local\\Microsoft\\Windows\\Temporary Internet Files\\Content.Outlook\\LZ8V1SHI\\Listing Agreement City of Ramsey 5.2.2019.docx <br />1 <br /> <br />