An ordinance authorizing the City Manager to execute a lease agreement between the City of Laredo, as lessor, and the Laredo Economic Development Corporation, as lessee, for the use of premises located at 616 Leal Street, Building No. 1007, at the Laredo International Airport, constituting 4,849 SQFT of building space on approximately 21,217 SQFT of land. Lease term shall be for a total of five years, with three options to extend this leach with each option being an additional five years, commencing on October 1, 2025. Monthly rent shall be $4,200.00 and will be adjusted annually according to the terms of the lease.

Committee

City Council

Requested by

Airport

Introduced

August 15, 2025

On agenda

September 15, 2025

Enacted

September 15, 2025

Where it was heard

City Council Sep 15, 2025 introduce

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