2024-O-033
Authorizing the City Manager to grant a License Agreement between The City of Laredo, Texas, a municipal corporation and Bestel USA, Inc., a Nevada Corporation, dated February 4, 2024 for the use of one (1) innerduct in the Juarez Lincoln Bridge and 566 linear feet of right-of-way. 1. Term of the agreement shall be for five (5) years commencing at 12:00 am, February 4, 2024 and terminating at 12:00 pm February 3, 2029. 2. Annual duct fee shall be $43,558.00 and will increase by five percent (5%) every year the license is in place. In addition to the duct fee, Licensee shall pay a thirteen dollar and 05/100 ($13.05) linear foot right-of-way fee of $7,386.30, and will increase by five percent (5%) every year. Total fees of $50,944.30 will be deposited into the General Fund-Telecommunications.
What this record is
- Held by
- Bestel USA, Inc
- Amount
- $51K
- Runs until
- February 3, 2029 2 years away date quoted from the award document
- Type
- contract
- Field
- Technology
technology contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council
- Introduced
- February 26, 2024
- On agenda
- March 18, 2024
- Passed
- March 18, 2024
Where it was heard
City CouncilWatch what Laredo buys
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