To: L. Wilshire. President
From: T. Cummings, Director
Ce: Members of the Board of Aldermen
Date: July 27, 2020
Re: Communication To Approve-&- Place on File a Notice of Contract Change for Martini
Northern Relative to Proceeding with 2 Guaranteed Maximum Price (“GMP”)
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advice for any non-brokerage services. Broker shall not be liable for any action,
inaction, failure, negligence, error or omission of any other professional service
provider.
es
above $2,000,0001. No change in the above fee for a co-broke situation. In the event of
a co-broke, Broker will split commission 50/50.
lf the final sale price or final lease rate is less than 75% of Asking Price: the Broker's
commission shall be 75% of the original asking price multiplied by the above
commission rates.
2. Authority of Broker: The Broker is authorized to use reasonable efforts to procure a
ready willing and able buyer for the Property in accordance with the terms and
conditions of the Contract.
Exhibit B
summary & Scope of Work
City of Nashua through the Office of Economic Development
Professional Services related to Commercial Real Estate Brokerage and Marketing
Services
Summary
The purpose of this assignment is to provide marketing and brokerage services to the
City of Nashua (“Owner’), through the Office of Economic Development related to the
disposition of selected property.
Scope of Work
New Hampshire Superior Court for the Southern District of Hillsborough County or in the New
Hampshire 9" Circuit Court situate in Nashua, New Hampshire and not elsewhere.
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contract. If City determines that a conflict exists and was not disclosed to the City, it may
terminate the contract at will or for cause in accordance with paragraph 8.
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No books, reports, studies, photographs, negatives or other documents, data, drawings or other
materials including but not limited to those contained in media of any sort (e.g., electronic,
magnetic, digital) prepared by or supplied to Service Provider in the performance of its
obligations under this contract shall be the subject of any application for a copyright or patent by
or on behalf of Service Provider. The City shall have the right to reproduce any such materials.
18. ENDORSEMENT. Service Provider shall seal and/or stamp and sign professional
documents including drawings, plans, maps, reports, specifications, and other instruments of
service prepared by Service Provider or under its direction as required under the laws of the State
of New Hampshire.
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Hampshire. General Liability and Auto Liability policies must name the City of Nashua as
an additional insured and reflect on the certificate of insurance. Service Provider is responsible
for filing updated certificates of insurance with the City of Nashua's Risk Management
Department during the life of the contract.
All deductibles and self-insured retentions above $100,000.00 shall be fully disclosed in
the certificate(s} of insurance.
