Hobbs Considers Cedars Apartments Ground Lease Amendment

The City of Hobbs is considering amending the ground lease for The Cedars Apartments and approving Cedars Affordable Senior Housing, LP’s assignment of its leasehold interest. The 99-year lease runs through June 18, 2078, with the $1 annual rent prepaid.

Document date · October 4, 2026

Track City of Hobbs contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Hobbs.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract amount

$1 per year; rent prepaid in full for the remaining term

Contract type

FACILITIES

Contract term

June 18, 1979 – June 18, 2078

Renewal date

2078-06-18

Renewal

Existing 99-year ground lease; amendment preserves the June 18, 2078 expiration date. Any future purchase or conveyance of the land requires separate City Commission and governmental approvals.

Document type

Agenda

Source document

City of Hobbs Agenda 2026-10-05

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Hobbs?

Cedars Affordable Senior Housing Lp was awarded this facilities contract by City of Hobbs, as recorded on October 4, 2026. The contract value is $1 per year; rent prepaid in full for the remaining term.

How much is the Cedars Affordable Senior Housing Lp contract with City of Hobbs worth?

The Cedars Affordable Senior Housing Lp contract with City of Hobbs is valued at $1 per year; rent prepaid in full for the remaining term, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Hobbs Agenda 2026-10-05 (Agenda), dated October 4, 2026 from City of Hobbs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cedars Affordable Senior Housing Lp hold?

Cedars Affordable Senior Housing Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Cedars Affordable Senior Housing Lp's profile

What is City of Hobbs currently buying?

Explore City of Hobbs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Hobbs's profile