HomeMy WebLinkAboutFischels Commercial Group - Brokerage Fee Agmnt - 8/26/19�r
'FISCHELS
MATTHEW R. MIEHE, CCIM
COMMERCIAL SPECIALIST
BROKERAGE FEE AGREEMENT
(City Owned Development Property)
In consideration of the services of Fischels Commercial Group, Broker, we the undersigned owners of the
property known as: Four (4) Tots: 1420-1422-1426-1430 Commercial St. Waterloo Iowa agree to the following:
1. Should said property, in whole or in part, be sold by us, at the price and upon the terms which we may
authorize or accept, we agree to pay Broker a fee of 3% of the Minimum Assessed Value as defined in
the Development Agreement for said property.
2. Payment of fee shall one-half (1/2) payable when ground is broken for the first building, and the second
one-half (1/2) will be paid within fourteen (14) days after Company receives a certificate of occupancy for
the first building.
3. In the event of any dispute or litigation as a result of or arising from this Brokerage Fee Agreement, the
prevailing party in such dispute or litigation shall be entitled to recover from the non -prevailing party al!
reasonable costs incurred (including, but not limited to, attorneys' fees) as a result of such dispute or
litigation.
4. This agreement is binding for 12 months from the date of this agreement.
SFN Real Estate, LLC
Company / Prospect
Dated this day of 4 Lk z . r -
CITY OF WATERLOO, IOWA
BY: i ..(9_, vt,c , f/
,20 I
FISCHELS COMMERCIAL GROUP
BY:
Matt Miehe, CCIM
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