Authorizing the City Manager to execute a Parcel Development master ground lease agreement between the City of Laredo and Freeman Holdings of Laredo, LLC, for a total of 95,688.2 square feet , made up of multiple tracts of land owned and operated by the airport, including: (1) a 1.37-acre ground lease tract for the construction and development of FBO improvements; (2) the existing Fuel Pad facility; and (3) Hangar 1309. The combined annual rent for all leased premises shall be $213,040.84, consisting of: (i) annual ground rent of $40,000.00 for the 1.37-acre tract; (ii) annual rent of $13,322.40 for the Fuel Pad; and (iii) annual rent of $159,718.44 for Hangar 1309. Rental amounts shall be adjusted in accordance with changes in the Consumer Price Index (CPI), in addition to periodic fair market rental value adjustments as provided in the applicable lease agreements. Lessee shall also be responsible to comply with fuel flowage fees and landing fees approved by the Laredo City Council; providing for severability; and providing for an effective date.

Final Readings Agenda Ready Introduced May 8, 2026

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