Agenda - Council - 01/24/2023 - 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. If a cooperating broker or salesperson procures the sale, the commission willbeseven percent (7%)ofthe gross sales price. Gross sales phom shall include any and all consideration received or receivab|e, in whatever form, including but not limited to assumption or na|meae of existing liabilities. In the 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 beearned and paid onthe date title bzthe Property is transferred tothe purchaser; provided, however, that lfthe 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 e oorporation, joint man1ure, partnerahip, or other business enUty, the commission shall be oe|ou|obed 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 interestin the partnenship, corporation or other business entity is transferred, whether by merger, outright purchase or otherwise, inlieu ofesale ofthe Property, and applicable law does not prohibit the payment ofacommission in connection with such sale or transfer, the commission shall be calculated on the fair market value of the Property, rather than the gross sales price, multiplied by the percentage of interestaotransferred, and shall bapaid atthe time ofthe transfer. 1 Definitions. UndorthisAgneementthetenns^eaU'^�ale^or^eold~sheUmeen-(a)anexohengeof 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 owns the Propmrty, including, but not limited to, situations where you are a corponetion, partnership or other business entity and a controlling interest in such corporation, partnership orother business entity is transferred, whether by margor, outright purchase orotherwise, in lieu ofesale ofthe 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 aminimum fee based on a sales price of $1.5Oper gross SFfor the sale ofany industrial oroffice land and aminimum fee of$5.00O.00for the sale ofany residential parcel ofland $5.00O.00for the sale ofany residential parcel ofland greater than $45.00O;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.|fa potential prospect/buyer isgenerated by the City of Ramsey with noprior contact ordiscussions with/from CBREthan the -commission will boreduced to3% of the gross sales price to calculate commissions. |fpotential buyer generated by City ofRamsey has ocooperative 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-\ComDev�Economlc Development ,sReview\Llsting Agreement City ofRamsey re,pClea",docx y