Authorizing the City Manager to execute a lease agreement between the City of Laredo and the Adex Trading, Inc., for a property located at 2015 Pappas, constituting of approximately 97,183 square feet of land, including approximately 28,366 square feet of building space known as Building No. 1315. Lease term shall be for five years, commencing on January 1, 2025 with four options, each equal to five years, upon mutual agreement of the parties. The monthly rent shall be $6,973.00 and will be adjusted annually according to changes in the Consumer Price Index (CPI).

What this record is

Amount

$7K

Runs until

January 1, 2030 3 years away date calculated from a contract term stated in the record, not quoted directly

Type

contract

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

Airport

Introduced

January 3, 2025

On agenda

January 28, 2025

Where it was heard

City Council Jan 28, 2025 City Council Jan 21, 2025

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