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� <br />EXC�,USIVE RIGHT TO REPRESENT AGREEMENT <br />RETAINER AGREEMENT: The undersigned BuXer hereby retains the <br />undersigned Broker for a period commencinc� thisllth day of <br />December , 1991 and terminating at midnight� August 31, <br />1992, for the purpose of negotiating terms and conditions for the <br />purchase, exchange, or lease of real or personal property of a <br />nature described below, or for obtaining an option or options <br />thereon, acceptable to Buyer. <br />BROKERAGE FEE: Buyer agrees to pay Broker as compensation for <br />negotiating the purchase, exchange, or lease of property <br />acceptable to buyer, a fee of six percent (6�) of the price or <br />other consideration for which the property is purchased, <br />exchanged, or in the case of a lease, the value of the property <br />used to determine the terms of the lease, all due and payable <br />upon closing, regarc3less of whether closing occurs after the <br />termination date of this agreement. � <br />Buyer agrees to pay Broker the fee if the transactfon for which <br />the purchase agreements or options are obtained is closed and the <br />subject property purchased or leased, or if the agreements are <br />assigned, by Buyer or any person acting for Buyer. <br />Broker agrees that he will act for Buyer only and will not accept <br />a fee from the seller unlesa full disclosure thereof is made to <br />Buyer prior to the execution of an offer to purchase, exchange or <br />lease. <br />� CRED=T: In the event that the sell�er has agreed to pay a fee, <br />and Broker is entitled to receive any portion thereof, th� full <br />amount of the fee payable to Broker shall l�e credited against the <br />obligations of the Buyer hereunder. <br />� <br />BROKER'S OBLIGATIONS: In consideration of Bu�er's agreem�nt set <br />forth herein, Broker agrees to use its best efforts to procure <br />accepted offers or options to purchase, exchange, or lease said <br />property, acceptable to Buyer. <br />NATLTRE OF THE PROPERTY: Parcel or parcela of property totalling <br />�pproximately five (5) acres, or more, of land, with or without <br />buildings, known as the "Cleanco" site, located at the northwest <br />corner of County Road C-2 and Partridge Road, Roseville, Ramsey <br />County, Minneaota. <br />BUYER (Lessee): �ROKER: <br />S even . Sar zy <br />City M nager <br />City of Roseville <br />2660 Civic Center Brive <br />Roseville, Minnesota 55113 <br />(612) 490-2200 <br />. ,....�- <br />� <br />Te ry D J. Moses, Bra er <br />Edina Aealty <br />4570 Churchill Street <br />Shoreview, Minnesota 55126 <br />(612) 633-�5730 / 483-8500 <br />