City of Albuquerque - File #: R-18-111

• File #: R-18-111
• Type: Resolution
• Status: Enacted
• File created: 12/3/2018
• In control: City Council
• Final action: 12/17/2018
• Enactment date: 12/27/2018
• Enactment #: R-2018-099
• Title: F/S Consenting To The Assignment Of The Master Development Agreement For Mesa Del Sol Public Improvement Districts 1 Through 5, By And Among The City Of Albuquerque, New Mexico, Mesa Del Sol, LLC, And The Districts Recorded In The Bernalillo County, New Mexico Real Estate Records On March 3, 2008, As Amended And Supplemented, And Certain Other Related Agreements, In Connection With The Purchase Of The Property Underlying The Districts By MDS Investments, LLC, For The Purpose Of Financing Public Infrastructure Improvements Within The Districts (Davis)

Date	Action By	Action	Result
12/27/2018	City Clerk	Published
12/27/2018	Mayor	Signed by the Mayor
12/20/2018	City Council	Sent to Mayor for Signature
12/17/2018	City Council	Passed as Substituted	Pass
12/17/2018	City Council	Substituted	Pass
12/3/2018	City Council	Introduced
12/3/2018	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL


COUNCIL BILL NO. F/S R-18-111 ENACTMENT NO. ____________________

SPONSORED BY: Patrick Davis



RESOLUTION
title
F/S Consenting To The Assignment Of The Master Development Agreement For Mesa Del Sol Public Improvement Districts 1 Through 5, By And Among The City Of Albuquerque, New Mexico, Mesa Del Sol, LLC, And The Districts Recorded In The Bernalillo County, New Mexico Real Estate Records On March 3, 2008, As Amended And Supplemented, And Certain Other Related Agreements, In Connection With The Purchase Of The Property Underlying The Districts By MDS Investments, LLC, For The Purpose Of Financing Public Infrastructure Improvements Within The Districts (Davis)
body
CONSENTING TO THE ASSIGNMENT OF THE MASTER DEVELOPMENT AGREEMENT FOR MESA DEL SOL PUBLIC IMPROVEMENT DISTRICTS 1 THROUGH 5, BY AND AMONG THE CITY OF ALBUQUERQUE, NEW MEXICO, MESA DEL SOL, LLC, AND THE DISTRICTS RECORDED IN THE BERNALILLO COUNTY, NEW MEXICO REAL ESTATE RECORDS ON MARCH 3, 2008, AS AMENDED AND SUPPLEMENTED, AND CERTAIN OTHER RELATED AGREEMENTS, IN CONNECTION WITH THE PURCHASE OF THE PROPERTY UNDERLYING THE DISTRICTS BY MDS INVESTMENTS, LLC, FOR THE PURPOSE OF FINANCING PUBLIC INFRASTRUCTURE IMPROVEMENTS WITHIN THE DISTRICTS.
WHEREAS, the Boards of Directors of the Mesa Del Sol Public Improvement Districts 1 through 5 (the "Districts"), being public improvement districts established and existing pursuant to NMSA Sections 5-11-1 et seq., previously have approved, executed and delivered the Master Development Agreement by and among the Districts, the City of Albuquerque, New Mexico (the "City") and Mesa del Sol, LLC (the "Original Developer"), recorded in the Bernalillo County, New Mexico Real Estate Records on March 3, 2008, as amended and supplemented (the "Development Agreement"; capitalized terms used in this Resolution and not otherwise defined herein shall have the meanings provided in the Development Agree...