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South Bend Redevelopment Commission <br />Regular Meeting — September 27, 2011 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(5) continued... <br />agreement. They provide a commission for <br />each property sold: the higher of $2000 per <br />property or 7% of the negotiated sale price. <br />Should Mr. Gordon sell to one of his clients <br />directly, the $2000 decreases to $1500. <br />The properties to be listed with Hallmark <br />Real Estate are 609 Columbia, 628 Rush, 310 <br />E. South, 602 Carroll and 620 Columbia. <br />Some of the properties do have tenants, who <br />are all renting month -to -month and have <br />been made aware of the possibility of a sale. <br />Staff requests approval of the four listing <br />contracts. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved the Listing Contracts <br />with Hallmark Real Estate for four <br />Commission owned properties in Monroe <br />Park. <br />(6) Resolution No. 2919 approving and <br />authorizing the execution of an Addendum <br />to the Master Agency Agreement <br />(Michiana Lock & Key Demolition <br />Project). <br />Mr. Relos noted that Resolution No. 2919 <br />and the Addendum to Master Agency <br />Agreement are for the demolition of the <br />former Michiana Lock & Key. At the May <br />10 Redevelopment Commission meeting, the <br />Commission approved a contract with <br />Wightman Petrie to prepare a demolition and <br />12 <br />COMMISSION APPROVED THE LISTING <br />CONTRACTS WITH HALLMARK REAL ESTATE <br />FOR FOUR COMMISSION OWNED PROPERTIES IN <br />MONROE PARK <br />