2024-O-064
Final reading of Ordinance 2024-O-064 authorizing the City Manager to grant a license agreement between The City of Laredo, Texas, a municipal corporation and Axtel, S.A.B de C.V., formerly known as Alestra S. de R.L. de C.V., a Mexican corporation dated April 8, 2024 for the use of one fiber/cable tray affixed beneath the Juarez Lincoln Bridge and 519 linear feet of right-of-way. The term of the agreement shall be for five years commencing at 12:00 am, April 8, 2024 and terminating at 12:00 pm April 7, 2029. Annual fee shall be $37,025.00 and will increase by 5% every year the license is in place. In addition to the fee, Licensee shall pay a $9.76 linear foot right-of-way fee, and will increase by 5% every year. Total amount for the first year for the annual fee and right-of-way fee is $43,797.95 and will be accounted for in the General Fund.
What this record is
- Amount
- $44K
- Runs until
- April 7, 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
- Requested by
- Information Services & Telecommunication
- Introduced
- April 16, 2024
- On agenda
- May 6, 2024
Where it was heard
City CouncilWatch what Laredo buys
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