A Resolution of the City Council of the City of Laredo, Texas approving a Chapter 380 Agreement between the City of Laredo and LITOS Texas, LLC., pursuant to an economic development incentive under Chapter 380 of the Texas Local Government Code and authorizing the City Manager to execute all relevant documents, and any other matters incident thereto; providing for severability; providing for an effective date; and providing for publication. The five year agreement obligates LITOS Texas, LLC., pursuant to an economic development incentive to invest an aggregate estimated amount of $31,000,000.00 for the construction of two institutional-quality LEED certified buildings on approximately 53 acres that will operate as a light manufacturing center and create at least 20 new full-time permanent jobs. Rebates will be based on performance and annual compliance.

Resolution Agenda Ready Introduced May 18, 2026

What this record is

Held by: LITOS Texas, LLC
Runs until: May 18, 2031 5 years away calculated from the contract term stated in the record
Type: contract
Field: Construction

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