An Ordinance authorizing the City Manager to execute a rental car agency concession and lease agreement with Avis Budget Car Rental dba Avis and Budget, for the approximate 165 square feet of office and counter space located in car rental space #2 and 19 parking spaces located at 5210 Bob Bullock Loop at the Laredo International Airport. Lease term is for three (3) years commencing on August 1, 2024, and ending on July 31, 2027. Minimum Annual Guarantee (MAG) shall be $178,905 and rent for leased space shall be $8,393.52 annually; 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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