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ORDINA~CE NO. NS-256FIXING PROCEDU~ REGARDING BROKASqS' C0~.~MISSIONS ON TH-~LE OF CITY-O~VNED REAL PROPERTY THE CITY COUNCIL OF ~HE CITY OF SANTA ANA DOES ORDAIN AS FOLLOWS: SECTION 1. That Part l, Chapter 6 of Article II of the Santa Ana Municipal Code is hereby amended by adding two new sections at the end thereof, immediately following Section 2614, in words and figures as follows: "SECTION 2615. Agent's Commission on Sale. The Council, when it determines that auy real property owned by the City should be disposed of, may authorize the execution of a written listing contract to find bidders with a licensed real estate agent or broker, and may specify that said property be placed in Multiple Listing under said con- dition, and shall specify the maximum commission to be paid if the property be sold, which said commission shall in no case exceed 5% of the sale price. No personal liability shall attach to any agent of the City who signs any such contract on behalf of the City." "SECTION 2616. PsFment and Division of Commission. In event an agent covered by a contract, as set out in Section 2615, procures a bidder who submits the highest writ- ten bid and to whom the sale is made at the Council meeting and completed in due course, the commission provided in said contract s~hall be paid to said agent. In event such highest w~itten bid conforms in all respects to the City's invitation to bid and the provisions of Section 2613, and an oral bid conforming to said requirements is made before the Council and results in the sale being made and completed to said oral bidder, then one-half of the commission originally fixed shall be paid to the agent who procurred the original highest written conforming bid. If the successful oral bidder was procured and is represented by a licensed real estate agent or broker and t he sale is made and completed, then the other one-half~ of said commission shall be paid to such agent or broker~ SECTION 2~ The Clerk of the Council shall certifyto the passage of this Ordinance and shall cause the same to be published once within days after its adoption. This Ordinance shall take effect 30 days f~om and after the date of its adoption. PASSED AND ADOPTED by the City Council of the City of Santa Ana at its regular meeting held on the ATTEST: CLERK OF ~}{E COUNCIL day of June~, ~.Q57. ~