2026-R-136
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.
What this record is
- Held by
- LITOS Texas, LLC
- Runs until
- May 18, 2031 5 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
- Field
- Construction
construction 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
- Economic Development
- Introduced
- May 18, 2026
- On agenda
- June 15, 2026
Where it was heard
City CouncilWatch what Laredo buys
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