CONTRACT FOR SALE OF IMPROVED REAL ESTATEContract for Sale of Improved Real Estate • April 29th, 2016 • New Mexico
This Contract for Sale of Improved Real Estate (this "Contract") is made by and between GMB Development NM, LLC, a New Mexico limited liability company ("Seller") and the Tax Increment Development District of the City of Las Cruces, a body politic and corporate of the State of New Mexico ("Buyer") upon the terms, provisions and conditions set forth in the following. Seller and Buyer may be also referred as a "Party" or collectively as the "Parties." Seller’s predecessor in interest, GMB Investments, Inc., a Texas Corporation previously entered into Property Conveyance and Development Agreement dated effective February 25, 2016 which by its terms contemplated execution of a final agreement. To the extent that Buyer’s consent is required, the Buyer consents to the assignment of the Seller’s rights and the prior Agreement from GMB Investments, Inc. to Seller. The following agreements, terms and conditions supersede in their entirety the prior Agreement with GMB Investments, Inc.
