An Ordinance authorizing the City Manager to execute an amendment to lease agreement between the City of Laredo, as lessor, and Laredo Aero Center DBA Signature Flight Support, as lessee, approved by Ordinance No. 95-O-156 dated August 8, 1995, and as amended by Ordinance No. 2008-O-031 amending Section 1.01, leases premises, to reduce from 92,192 square feet to 87,918 square feet located at 5203 Maher avenue at the Laredo International Airport. Additionally, amending Section 1.03 Rental Obligation, monthly rent shall be reduced from $10,449.89 to $9,965.43. All other terms and conditions remain unchanged and in effect; providing for an effective date. There is no financial expenditure impact.

Committee

City Council

Requested by

Airport

Introduced

June 6, 2024

On agenda

June 24, 2024

Where it was heard

City Council Jun 24, 2024

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