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 3 years away date quoted from the award document
- Type
- contract
- Field
- Technology
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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