A Resolution of the City Council of the City of Laredo, Texas, authorizing the City Manager and/or designee to execute all necessary documents to purchase from KQC Investors I Ltd. Partnership the surface estate only of the property located at 5215 McPherson Road, legally described as Lot 7, Block 2, consisting of a 1.256 acre tract, as described in deed document No. 903547, for a purchase price of $1,800,000.00; providing for the City’s payment of fifty percent (50%) of the estimated closing costs, in an amount of approximately $3,500.00; incorporating Exhibit “A,” which more particularly describes and depicts the property; authorizing funding through the 2026 Tax Note; providing for an effective date; and establishing the effective date hereof.

What this record is

Held by

KQC Investors I Ltd

Amount

$1.80M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

purchase

Field

Real estate

real estate 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

Community Development

Introduced

October 9, 2026

On agenda

November 2, 2026

Where it was heard

City Council Nov 2, 2026

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