25-1244
Motion to authorize the City Manager to enter into a developer agreement for property transfer and improvements with Murphy Oil USA, Inc. The City’s participation will include an estimated $50,000 in traffic improvement costs, which will be funded by the City of Laredo; and agreement is contingent upon Murphy Oil USA, Inc. acquiring fee simple title to the property and fulfilling all platting and permitting requirements as outlined. The property proposed for donation has an appraised value of $680,000. Funding will be available in General Fund-Engineering Traffic Department.
What this record is
- Held by
- Murphy Oil USA, Inc
- Runs until
- no end date published in this record
- Type
- contract
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council
- Requested by
- Engineering
- Introduced
- July 3, 2025
- On agenda
- July 21, 2025
- Passed
- July 21, 2025