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�' c ( Z) <br />• r a n • u m \�uier /oo. <br />Community & Economic Development" <br />1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 <br />To: Redevelopment Commission //���� <br />From: David Relos, Economic Development PlannerO <br />Subject: Professional Services Agreement — CB Richard Ellis <br />2nd Amendment of Listing Agreement <br />Date: September 13, 2011 <br />Attached to this memorandum is a 2nd Amendment of Listing Agreement from CB Richard <br />Ellis (CBRE), to extend the listing agreement for the Hotel La Salle and the vacant lot at <br />Colfax & Hill. <br />This amendment extends the agreement for one year, through August 31, 2012. <br />In this challenging real estate market, staff believes CBRE is doing a good job marketing <br />these two properties, and screening potential interested parties. <br />Staff requests approval of this 2nd Amendment of Listing Agreement with CBRE, to allow a <br />one year extension of the listing agreement for these two Commission owned properties. <br />What We Do Today Makes A Difference! <br />