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South Bend Redevelopment Commission <br />Regular Meeting - July 2, 1993 <br />6. NEW BUSINESS (Cont.) <br />i. continued... <br />Venters has elected to work with Coldwell <br />Banker. Seay and Thomas will market the <br />land in the Chicago area and CB Commercial <br />will market the land at the national and <br />international level. CB Commercial is a <br />large, nationally known firm. <br />Each broker will be given a protection period <br />of one year after the agreement expires so <br />that any sales made as a result of their <br />services will be credited to them and they will <br />receive their full commission. The <br />agreements run concurrently with the <br />Commission's agreement with Venters which <br />is until the end of 1997. <br />Mrs. Kolata noted that this puts together a <br />marketing team with some very qualified <br />people on the local, regional, and <br />national/international basis. There are strong <br />incentives in the agreements for them to <br />market and sell the land. We will be <br />receiving monthly reports on their activity. <br />Upon a motion by Mr. Piasecki, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved the substantive terms <br />of Agreement for Brokerage Assignment for <br />the Blackthom Corporate Center in the <br />Airport Economic Development Area. <br />j. Commission aW val requested for 1993- <br />1994 marketing budget for Blackthorn <br />Corporate Center in the Airport Economic <br />Development Area. <br />-13- <br />COMMISSION APPROVED SUBSTANTIVE <br />TERMS OF AGREEMENTS FOR <br />BROKERAGE ASSIGNMENT FOR THE <br />BLACKTHORN CORPORATE CENTER IN <br />THE AIRPORT ECONOMIC DEVELOPMENT <br />AREA <br />