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Board awards real estate listing to Pilot Property Group at 4% after 6% motion fails
Summary
After a motion to revive a 6% brokerage award failed for lack of a second, the Imlay City Board of Education unanimously approved awarding Real Estate Broker Services to Pilot Property Group at 4% and approved a listing contract pending changes to cancellation and protection clauses.
The Imlay City Board of Education voted March 23 to award the districts Real Estate Broker Services bid to Pilot Property Group at a 4% brokerage rate and a list price of $629,900.
Trustee Greg Dennis moved to take from the table a prior motion to award the package to Pilot Property Group at 6% brokerage; the motion received no second and died for lack of support. Subsequently, Trustee Ashley Wolford moved and Trustee Greg Dennis supported a new motion to award the contract at 4% brokerage and approve the listing contract subject to edits to the cancellation and protection clauses. The board approved the motion by roll call vote with all members present voting aye: Vice President Kaylee Kaeding, Treasurer Doug Van Dyk, Trustees Greg Dennis, Alex Lengemann, Ashley Wolford and Laura Zelenak.
The minutes record that the listing contract was approved "pending changes to the cancellation clause and the protection clause;" the minutes do not specify the exact contract language or the timeline for completing those edits. Choice of the 4% rate was the final board action recorded in the minutes.
Next steps recorded in the minutes include finalization of the listing contract with the stated clause changes; the minutes do not indicate additional approvals or external reviews required.
