Assignment And Amendment To Agreement To Construct Subdivision Improvements Form printable pdf download

ASSIGNMENT AND AMENDMENT TO AGREEMENT TO

CONSTRUCT SUBDIVISION IMPROVEMENTS

NAME OF PROJECT: _________________________________________________________

ORIGINAL SUBDIVIDER/ASSIGNOR: __________________________________________

NEW OWNER/ASSIGNEE: _____________________________________________________

CITY PROJECT # _____________________________________________________________

THIS ASSIGNMENT AND AMENDMENT is made this ______ day of ____________,

20 ____, by the City of Albuquerque, New Mexico ("City") and (the original subdivider)

___________________________________________________________ ("Assignor") and (the

new owner), _________________________________________________ (“Assignee”) a, (state

type of business entity, for instance "corporation," "general partnership", "joint venture",

"individual," etc.:) _________________________________________________, whose address

is ________________________________________________________________ and whose

telephone number is (_____)_________________________, is made in Albuquerque, New

Mexico and is effective as of the date of final execution on this Agreement.

WHEREAS, the Assignor was the subdivider of the (Name of Project:)

____________________________________________________________________________,

City Project No: _________________; and

WHEREAS, the City and the Assignor entered into an Agreement ("Original

Agreement") on ______________________________________, which was recorded on

_________________, in Book ______, pages _____ through _____ as Document No.

__________________, in the records of the Bernalillo County Clerk, State of New Mexico,

wherein Assignor agreed to construct certain public and/or private improvements described in

Exhibit A, to the Original Agreement; and

WHEREAS, the Original Agreement was amended by a ________________ Extension

Agreement dated ___________________ recorded on ____________________, in Book

__________, pages _______ through _______, as Document No. _____________________ in

the records of Bernalillo County Clerk, State of New Mexico, extending the construction

deadline to ___________________; and

WHEREAS, the Original Agreement was amended by a ________________ Extension

Agreement dated ___________________ recorded on ____________________, in Book

__________, pages _______ through _______, as Document No. _____________________ in

the records of Bernalillo County Clerk, State of New Mexico, extending the construction

deadline to ___________________; and

WHEREAS, the Original Agreement provides that if the Subdivision or any part thereof

is sold, conveyed or assigned the City will not release the Assignor from its obligations, nor will

the City release Assignor’s financial guaranty until a successor in interest to the Assignor has

entered into a Subdivision Improvements Agreement with the City and posted a substitute

financial guaranty satisfactory to the City; and

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County Clerk’s Recording Label

Assignment And Amendment To Agreement To Construct Subdivision Improvements Form