24.5.2.040 Contract Authorization

(a) The Council hereby authorizes the Governor to negotiate and execute a contract with a property management company for property management services in substantially the same form as the standard, 8-page Realtors Association of New Mexico Property Management Agreement – Residential (attached hereto), with the express recognition of the need to address and/or modify the provisions governing choice of law and the application of New Mexico law.

(b) The Council hereby authorizes the Governor to negotiate and execute a contract with a property management company, and/or another company or companies, for property management, property renovation, and property rehabilitation services for properties designated by the Governor subject to an appropriation of funds for such purposes; provided, that the Governor shall approve all renovation and rehabilitation services prior to the initiation of such services.