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RESOLUTION NO. 13,482
A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO
EXECUTE AN AGREEMENT WITH CENTURY 21 UNITED FOR REAL
ESTATE MARKETING AND SALES SERVICES IN EXCHANGE FOR A
4% SALES COMMISSION NOT TO EXCEED $12,000 FOR EACH
PROPERTY SOLD IN FURTHERANCE OF THE CITY'S FEDERALLY -
FUNDED HOUSING PROGRAMS; AND FOR OTHER PURPOSES.
WHEREAS, as part of the City of Little Rock's Federally- Funded Housing Programs, including the
Neighborhood Stabilization Program 2, Community Development Block Grant Programs, and HOME
Grant Programs, the City has acquired, constructed and rehabilitated properties that are ready to be
marketed and sold in furtherance of the respective housing program; and
WHEREAS, in recognition of the need for real estate consultant services for effective and efficient
marketing and sales of these properties, the City published a Request for Proposals to solicit qualified
bids from real estate professionals who were interested in providing the needed services; and
WHEREAS, a selection committee appointed by the City Manager evaluated the proposals and
determined that Century 21 United submitted the most qualified low bid in an amount of 4% percent of
the actual sales price for each property sold, with the total fee not to exceed Twelve Thousand Dollars
($12,000.00) for each property sold; and
WHEREAS, the Board of Directors wishes to engage Century 21 United to perform real estate
marketing and sales services in furtherance of the City's Federally- Funded Housing Programs.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY
OF LITTLE ROCK, ARKANSAS:
Section 1. The Board of Directors hereby authorizes the City Manager to execute an agreement with
Century 21 United for real estate marketing and sales services for a contract price of 4% of the actual
sales price for each property sold with such fee not to exceed Twelve Thousand Dollars ($12,000.00) for
each property sold.
Section 2. The term of this agreement shall be for one (1) -year, with the City's option to renew the
term two (2) times in one (1) -year increments with the right to terminate the agreement upon completion
of the Federally- Funded Housing Programs.
Section 3. Funds for this service are payable from the program income generated by the sales of
these properties.
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Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or
adjudication shall not affect the remaining portions of the resolution which shall remain in full force and
effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the
resolution.
Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent
with the provisions of this resolution, are hereby repealed to the extent of such inconsistency.
ADOPTED: April 3, 2012
ATTEST:.., APPROVED:
y, City Clerk
AS TO LEGAL FORM:
,
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Thomas M. Carpenter, City orney
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Ma Stodola, ayor
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