Common Contracts

Exhibit H – Sample Development and Disposition Agreement

Development and Disposition Agreement • July 18th, 2023 • New Mexico

• Contract Type
  Development and Disposition Agreement
• Filed
  July 18th, 2023
• Jurisdiction
  New Mexico

THIS AGREEMENT is entered into and made effective on the date of the City’s Chief Administrative Officer’s signature below, by and between the Metropolitan Redevelopment Agency (“MRA”), a division of the City of Albuquerque, Albuquerque, New Mexico, a municipal corporation (hereinafter “City”), and [DEVELOPER ENTITY] [ENTITY TYPE (LLC, etc)], [DEVELOPER ADDRESS] (hereinafter “Developer”). The Developer is a New Mexico limited liability company, duly organized and validly existing as such under the laws of the State of New Mexico. City and Developer are sometimes hereinafter referred to collectively as “the Parties” and individually as “a Party.”