PROFESSIONAL_SERVICESAPPROVED

City of Saint Peter Council Meeting Agenda Packet April 27 2026

City approves Miller Real Estate listing agreement for Cullen Street lots

4% commission on sale price of listed lots (3% if dual agency)HRA of ST. PETER, MINNESOTAMILLER REAL ESTATEApril 27, 2026

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Description

The City of Saint Peter is entering into an exclusive listing agreement with Miller Real Estate to market and sell 16 city-owned lots along Cullen Street in the Traverse Green Phase III subdivision. Under the agreement, the city will pay a 4% commission on lot sales and provide repayable $100,000 catalyst contributions per higher-end home built by Miller Homes on up to two lots.

Contract Details

Contract Amount

4% commission on sale price of listed lots (3% if dual agency)

Vendor

MILLER REAL ESTATE

Agency

HRA of ST. PETER, MINNESOTA, MN

Contract Type

PROFESSIONAL_SERVICES

Document Date

April 27, 2026

Contract Term

April 22, 2026 – May 31, 2027 (one-year listing contract, with provisions to extend or cancel)

Renewal Date

2027-05-31

Renewal Info

Listing contract runs from April 22, 2026 to May 31, 2027, with provisions to extend or cancel by mutual agreement; individual lots may be removed from the vacant lot listing as they are designated for Miller Homes 'to-be-built' projects.