Authorizing the City Manager to Execute a contract between The City of Laredo and Terra Development Group, LC, A Texas Limited Liability Corporation, and San Pedro Ranch, Ltd.., A Texas Limited Partnership, for the reservation of Water Capacity for approximately 1,400 Acres referred to in the Contract as the subject tract for a term of twenty-five years during which the owners may develop the subject tract by subdividing and developing according to all City of Laredo requirements for all or part of the subject tract; providing for mandatory, non-binding mediation. There will be no financial impact for the City.

What this record is

Held by

Laredo and Terra Development Group, LC Liability Corporation

Runs until

no end date published in this record

Type

contract

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Requested by

Utilities

Introduced

March 11, 2025

On agenda

April 7, 2025

Where it was heard

City Council Apr 7, 2025