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2025-O-184

An ordinance authorizing the City Manager to execute a lease agreement between the City of Laredo, as lessor, and the Laredo Economic Development Corporation, as lessee, for the use of premises located at 616 Leal Street, Building No. 1007, at the Laredo International Airport, constituting 4,849 SQFT of building space on approximately 21,217 SQFT of land. Lease term shall be for a total of five years, with three options to extend this leach with each option being an additional five years, commencing on October 1, 2025. Monthly rent shall be $4,200.00 and will be adjusted annually according to the terms of the lease.

Final Readings Agenda Ready Introduced September 16, 2025

What this record is

Held by
Laredo Economic Development Corporation
Runs until
October 1, 2030 4 years away date calculated from a contract term stated in the record, not quoted directly
Type
contract
Field
Real estate

real estate 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
Airport
Introduced
September 16, 2025
On agenda
October 6, 2025

Where it was heard

City Council Oct 6, 2025

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