2025-RT-19

Authorizing the City Manager to execute the renewal on the Lamar Texas Limited Partnership, d/b/a Lamar Advertising contract FY22-042 of Laredo for bus shelter advertising, installation, and maintenance for an inventory of 103 locations for an additional one year extension option. Lamar agrees to pay the city on or before the first day of each quarter, the quarterly amount of $5000.00 of the minimum annual guaranteed of $20,000.00. In addition to the guaranteed annual payments, the city will participate with Lamar Advertising’s “excess” gross receipts 40.01% of the annual gross receipts collected by Lamar Advertising on the shelters. These payments will be made to the city within one month of the end of each quarter. Lamar Advertising will provide ten advertising locations for El Metro Ridership Program at no additional cost based on availability. The City will only pay the cost of the vinyl material.

Laredo Mass Transit Board Passed Introduced April 2, 2025

What this record is

Held by: Lamar Texas Limited 2 records across this site
Amount: $20K
Runs until: April 2, 2026 already ended calculated from the contract term stated in the record
Type: amendment
Field: Vehicles & equipment

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