Agenda - Council - 01/25/2022 - Laserfiche WebLink

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EXHIBIT A - Commission Schedule A. Sale. As to sales of real property, CBRE'ecommission shall be five percent (5%) of the gross sales price. |focooperating broker orsalesperson procures the sale, the commission will beseven percent (7%) of the gross sales price. Gross sales price shall include any and all consideration received or reoeivab|a, in whatever form, including but not limited to assumption or release of existing liabilities. 1nthe event this sale is in connection with a "build to suit" transaction, the commission shall be calculated on the gross sales price plus the gross construction cost of the building to be constructed on the Property. The commission shall be earned and paid on the date title to the Property is transferred to the purchaser; provided, however, that ifthe transaction involves aninstallment contract, then payment shall bemade upon execution ofsuch contract. In the event you contribute or convey the Property or any interest therein to a corporation, joint venture, partnership, or other business entity, the commission shall be calculated on the fair market value of the Property or the portion thereof that is so transferred, and shall be earned and paid at the time of the contribution or transfer. If you are a partnership, corporation, or other business entity, and an interest in the partnenahip, corporation orother business entity is transferred, whether by merger, outright purchase or otherwise, in lieu of a sale of the Property, and applicable law does not prohibit the payment of a commission in connection with such sale or transfer, the commission shall be calculated on the fair market value of the Pnopedy, rather than the gross sales price, multiplied by the percentage of interest so Lnsnofernad, and shall bapaid otthe time ofthe transfer. 1. Definitions. Under this Agreement the terms 1sell, ^ sale ^or1sold^shall mean- (a) anexchange of the Property; (b) the granting of an option to purchase the Property- or (c) any other transfer, conveyance or contribution of controlling interest in the Property or in the entity which mmna the Propmrty, including, but not limited to, situations where you are a corponstion, partnership or other business entity and a controlling interest in such oorpostion, partnership orother business entity is transferred, whether by merger, outright purchase or otherwise, in lieu of a sale of the Property. 2 Option /o Purchase. If you grant an option to purchase the Property' you agree to pay us a commission in accordance with this Commission Schedule, on the price paid for the option and for any extensions when you receive payment for any such option and/or extensions. |fthe option is exercised, whether during the Term or after, we will earn a further commission in accordance with this Agreement. Notwithstanding the foregoing, to the extent that all or part of the price paid for the option or any extension thereof is applied to the sales price of the Property, then any commission previously paid by you to us on account of the option payments will be credited against the commission payable toueonaccount ofthe exercise ofthe option. 3. Broker (CBRE)shall receive ominimum fee based onasales price of $1.5Oper gross SFfor the sale of any industrial or office land and a minimum fee of $5,000-00 for the sale of any residential parcel ofland $5.00O.00for the sale ofany residential parcel ofland greater than $45.OQO;and, a minimum fee of $3,500.00 for the sale of any residential parcel of land less than or equal to $45,000, 4.|fopotential prospect/buyer isgenerated by the City of Ramsey with noprior contact ordiscussions with/from CBRE than the -commission will be reduced to 3% ofthe gross sales price to calculate commissions. If potential buyer generated by City of Ramsey has a cooperative broker the CBRE Listing Team commission will be equal to the cooperative broker and in no event will be no higher than 3.596. G-\Com�onomlc ,eReview\Llsting Agreement City ofRamsey zo`oClea".docx �