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24-0635

Introductory Ordinance authorizing the City Manager to grant a license agreement between The City of Laredo, Texas, a municipal corporation and VTX Communications, LLC, a Texas limited liability company, dated February 4, 2024 for the use of one inner duct in the Juarez Lincoln Bridge and 640 linear feet of right-of-way. The term of the agreement shall be for five years commencing at 12:00 a.m., February 4, 2024 and terminating at 12:00 p.m. February 3, 2029. Annual duct fee shall be $43,558.00 and will increase by 5% every year the license is in place. In addition to the duct fee, Licensee shall pay a $13.05 linear foot right-of-way fee, and will increase by 5% every year. Total amount for the first year for the annual fee and right-of-way fee is $51,910.00 and will be accounted for in the General Fund.

Introductory Ordinance Agenda Ready Introduced March 13, 2024

What this record is

Held by
VTX Communications, LLC 2 records across this site
Amount
$52K
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
contract
Field
Technology

technology 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.

VTX Communications, LLC also holds

Final reading of Ordinance 2024-O-065 authorizing the City Manager to grant a license agreement between The City of Laredo, Texas, a municipal corpora… $52K Laredo, TX
Committee
City Council
Requested by
Information Services & Telecommunication
Introduced
March 13, 2024
On agenda
April 2, 2024

Where it was heard

City Council Apr 2, 2024

Watch what Laredo buys

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