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515 Little Canada Road, Little Canada, MN 5511.74600 <br />(651) 7664029 / FAX: (651) 766-4048 <br />www.ci.little-canada.mn.us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: July 18, 2014 <br />MAYOR <br />Bill Blesener <br />COUNCIL <br />Rick Montour <br />John Keis <br />Michael McGraw <br />Shelly Boss <br />ADMINISTRATOR <br />Joel R. Hanson <br />RE: Commission Agreement Related to Sale of Land at Viking Drive & <br />Rice Street <br />Attached is a commission agreement for the sale of our lot located at Viking Drive & <br />Rice Street to the Davis Real Estate Services Group, LLC. As you will recall, the <br />purchase agreement provided for a commission of 8%. The Davis Group is now asking <br />we execute the attached agreement to document that understanding outside of the <br />purchase agreement. You will note that this results in a commission of $30,033.66 (or <br />$33.36 higher than their initial $30,000 request. However, this change seems <br />insignificant enough that it is not worth impacting our relationship in this transaction to <br />change it. <br />Staff recommends we approved the attached listing agreement as presented. <br />