01/12/23 - Laserfiche WebLink

Home

CBRE 1900 LaSalle Plaza 800 LaSalle Avenue Minneapolis; MN 55402 +1 952 924 4600 July 10, 2019 BY ELECTRONIC MAIL City of Ramsey 7550 Sunwood Drive NW Ramsey, MN 55303 Attention: Sean Sullivan and Kurt Ulrich Re: Exclusive Sales Listing Agreement Multiple Land Parcels, City of Ramsey, Minnesota("Property") Vacant Land Exhibit B Dear Sean and Kurt, Thank you for selecting CBRE, Inc. ("CBRE")to represent you.The terms of our engagement are contained in this agreement("Agreement"). 1. This Agreement shall terminate six months from August 1, 2019 ("Term"). 2. During the Term, you appoint us your exclusive agent with the right to list and market the Property for sale and to negotiate agreements for the sale of the Property (which includes portions thereof). If, during the Term, the Property is removed from the market because escrow is opened or an offer to purchase the Property is accepted, and if the sale is not consummated for any reason, then the Term will be extended by the longer of the number of days that (i) escrow was open or (ii) the Property was removed from the market, but in no event more than 180 calendar days in the aggregate. 3. We will commit the appropriate number of qualified and licensed professionals to this engagement. Your"Listing Team" is comprised of Brian Pankratz. We will have the right to change members of the Listing Team as necessary and appropriate. The Listing Team shall owe you duties of trust, confidence and loyalty. 4. We will offer the Property at an initial listing price that is per separate agreement and Acceptable to Owner, although the Property may be sold upon such other terms as you may agree. However, it is your right to: (a) approve, modify, reject or disapprove any and all proposals and offers as well as any prospective purchasers for the Property and(b) adjust the terms and conditions of any offer made, including but not limited to, adjusting the Property's listing price. 5. We will work with you to create and implement a sales strategy for the Property, including preparation of appropriate and customary marketing materials (such as an offering brochure). In developing the strategy, we will rely on (without requirement to verify) any information provided to us by you, your agents, affiliates and/or any of the Property's managers. However, we will not issue any written marketing materials without your prior written approval. Further, you authorize us to place one or more signs on the Property as we deem appropriate. 6. The success of this engagement relies, in part, on cooperation and communication between City of Ramsey and CBRE Listing Team. Therefore, you agree to: (i) provide us with all available information to assist us in marketing the Property; (ii) make CBRE Listing Team aware of all inquiries regarding CBRE listed properties; and (iii) work with CBRE Listing Team to conduct G:\ComDev\Economic Development Division\Properties\CBRE\Contract\2019 Review\Listing Agreement City of Ramsey 7.9.19 Clean.docx I