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South Bend Redevelopment Commission <br /> Regular Meeting—March 27, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> G. Other <br /> (2) Leasing Agreement with CBRE/Bradley <br /> for Commission-owned properties <br /> (130/202 E. Sample and 329 S Lafayette). <br /> Mr. Kain noted that on March 6, 2012, <br /> Redevelopment staff received a Request for <br /> Proposal (RFP) from a local broker <br /> representing a high tech company. This <br /> company is looking to lease approximately <br /> 8,000 — 10,000 sq. ft. of office and lab space <br /> in the area. The RFP requests a response <br /> from the Commission for two of its buildings <br /> — Schillings Building at 329 Lafayette and <br /> the Sinco Pool Building at 130/202 E. <br /> Sample. <br /> CBRE/Bradley has submitted a service <br /> contract for responding to the RFP on behalf <br /> of the Commission. Terms of the agreement <br /> are include: <br /> 1. CRBEBradley will act as the <br /> Commission's broker in order to <br /> complete a leasing proposal for a <br /> potential tenant in the two <br /> Commission-owned properties stated <br /> above. <br /> 2. The Commission agrees to pay broker <br /> $2,250 to complete the Request for <br /> Proposal issued by the potential <br /> tenant. CBRE will additionally <br /> coordinate all efforts required in the <br /> proposal and engage in negotiations <br /> and other discussions with the <br /> potential tenant. If the Commission <br /> property is leased by the tenant, then <br /> CBRE will receive an additional <br /> commission of$3,500. <br /> 14 <br />