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3 C! RE/MAX RESULTS DEFINITIONS: This Contract involves the propertylocated City of_ LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 1. Date 06/09/2020 2. Pagel of pages 7861 Groveland Road Mounds View 5. County of Ramsey , State of Minnesota, Zip Code 55112 , 6. legally described aSAUDITOR'S SUBDIVISION #89,N 116 FT 5 761 FT OF LOT 57 ("Property"). 7. Selleris Mounds View Economic Development Authority ("Seller"). 8. Brokeris RE/MAX Results Commercial Group ("Broker"). (Real Estate Company Name) 9. This Contract starts on June 9th 2020 and ends at 11:59 p.m. on 10. June 9th 2021 .This Contract terminates upon successful closing of the Property(ies) specified 11. in this Contract or expiration or cancellation of this Contract, whichever occurs first. 12. This Contract may only be canceled by written mutual agreement of the parties. 13. PRICE: Seller offers the Property for sale for the price of $ Negotiable upon the following 14. terms: Cash and conventional 15. LISTING: Seller gives Broker the exclusive right to sell the Property. In exchange, Broker agrees to list and market 16. the Property for sale. Broker may place a "For Sale" sign and a lock box with keys on the Property, unless prohibited by 17. governing authority. Seller understands this Contract DOES NOT give Broker authority to rent or manage the Property. 18. Seller understands Broker may be a member of a Multiple Listing Service ("MLS"), and if Broker is a member of the MLS, 19. and where available, Broker may give information to the MLS concerning the Property. Broker may place information 20. on the Internet concerning the Property, including sold information (except as limited in the following MLS Data Feed 21. Options section). Upon final acceptance of a purchase agreement, Seller allows Broker to withdraw the Property from 22. the market. If Broker sells the Property, Broker may notify the MLS and member REALTORS® of the price andterms 23. of the sale. Seller acknowledges that neither Broker, the MLS, the Minnesota Association of REALTORS®, nor any 24. other broker is insuring Seller or occupant against theft, loss, or vandalism. 25. MLS DATAFEED OPTIONS: 26. EXPLANATIONS AND DEFINITIONS: 27. "IDX site" means a web site operated by a broker participating in the MLS on which the broker can advertise the 28. listings of other brokers in MLS, subject to certain MLS rules. The consumer visiting an IDX site is not required to 29. register on the site or to have a brokerage relationship with the broker displaying listings on the site. 30. "Virtual office web site" ("VOW") means a web site operated by a broker participating in the MLS that delivers 31. brokerage services to consumers over the world wide web. Visitors to a VOW are required to register on the site (with 32. their name and a real e-mail address) and enter a brokerage relationship with the broker operating the VOW. The 33. broker operating the VOW can then show the visiting customer/client nearly all of the information available to the broker 34. in MLS. The seller(s) of a listing has the right to opt out of certain kinds of data display under the MLS's VOW policy. 35. The MLS imposes various other rules and restrictions on VOWS. 36. For each of the following options, the MLS system automatically defaults to "Yes." Seller's instructions pertaining to the 37. Internet display of the MLS input data for the Property are as follows: MN:LC:ERS-1:499 (8/19) InstanetFORMS