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CBRE <br /> 1900Lasane Plaza <br /> 800 LaSalle Avenue <br /> Minneapolis; MN 55402 <br /> +z gsz e24 4600 <br /> July 10. 2019 <br /> BY ELECTRONIC MAIL <br /> City of Ramsey <br /> 755OSunwood Drive NVV <br /> Ramsey, MNS53O3 <br /> Attention: Sean Sullivan and Kurt Ulrich <br /> Re: Exc/us/xeSaA:aL/atiag Agreement <br /> Multiple Land Parcels, City ofRamsey, Minnesota(""Property") <br /> Vacant Land Exhibit B <br /> Dear Sean and Kurt, <br /> Thank you for selecting CBRE, Inc. ("CBRE")to represent you.The terms of our engagement are contained <br /> in this agreement(^Agnaement~) <br /> 1 This Agreement shall terminate six months from August 1 2018 (^Temn^). <br /> 2. During the Term, you appoint us your exclusive agent with the right to list and market the Property <br /> for sale and tonegotiate agreements for the sale of the Property (which includes portions thereoo <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 ofthe 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 /> 3. We will commit the appropriate number of qualified and licensed professionals to this engagement. <br /> Your"Listing Team" is comprised of Brian Panhnstz. 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 /> 4. VVe will offer the Property otaninitial listing price that ia 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- (o) 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's listing price. <br /> 5. We will work with you to create and implement a eo|ea 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 /> uabyyou. your age nts. aff Iheteeend/or any of the Prope rty'ornanagena. However. vvmvviUno1ieaue <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 wm deem appropriate. <br /> 0. The success of this engagement relies. in part, on cooperation and communication between City <br /> of Ramsey and CBRE Listing Team Thenefore, you agree to- (i) provide us with all available <br /> information to assist us in marketing the Propertyall� <br /> (ii) make CBRE Listing Team aware of � <br /> inquiries regarding CBRE listed properties; and (iii) work with CBRE Listing Team to conduct <br /> G.\C=rnoe.mE^o"om/c Development o/°/s/""`P=pemes\Ceee\C=n=ct\2o,snewew\L/sfi"m Agreement City of Ramsey r:,yo/=""do== <br />