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(eA(q) <br />T <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 Planner Ok- <br />Subject: Professional Services Agreement — CB Richard Ellis <br />3rd Amendment of Listing Agreement <br />Date: August 16, 2012 <br />Attached to this memorandum is the 3rd Amendment of Listing Agreement from <br />CBRE /Bradley, to extend the listing agreement for the Hotel La Salle and vacant lot at <br />Colfax & Hill. <br />This amendment extends the agreement for one year, through August 31, 2013. <br />In this challenging real estate market, staff believes CBRE is doing a good job marketing <br />these properties and screening potential interested parties. <br />Staff requests approval of this 3rd 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 />