SUBJECT
title
An Ordinance authorizing the City Manager to execute a lease agreement between The Laredo International Airport and 6552 BBL TX, LLC, for forty-two (42) parking spaces in the Airport’s Long-Term Parking Lot, totaling 19,507.5 Square feet +/-, at a property legally described as 5210 Bob Bullock Loop, Laredo, TX 78041. The proposed lease term is for one (1) year commencing on December 1, 2026 and ending November 30, 2027, with tenant being granted four (4) options to renew, with each option being one (1) year each. Initial monthly rent shall be $3,000.00 a month and will be adjusted annually according to changes in the Consumer Price Index (CPI); and providing for an effective date. There is no financial expenditure impact.
body
PREVIOUS COUNCIL ACTION
N/A
BACKGROUND
The Laredo International Airport was approached by 6552 BBL TX, LLC, a current tenant in good standing, requesting to lease forty-two (42) parking spaces at the Laredo International Airport for employee parking.
The additional space totals 19,507.5 Square feet +/- and is located within the Airport’s long term parking lot. The proposed lease term is for one (1) year commencing on December 1, 2026 and ending November 30, 2027, with tenant being granted four (4) options to renew, with each option being one (1) year each. Initial monthly rent shall be $3,000.00 a month and will be adjusted annually according to changes in the Consumer Price Index (CPI).
It is in the best interest of the Laredo International Airport to approve this ground lease with 6552, BBL TX, LLC.
VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: Strong
Supporting goal(s)/policy(ies):
Policy 4.13.1: The effective supply of parking can be increased by building more spaces or by reducing demand. As part of a long-term strategy, land devoted to surface parking lots in existing developed areas should be reduced through shared parking strategies, reduction in parking demand, and infill development on unneeded parking lots.
Summary of alignment: This motion strongly aligns with Policy 4.13.1 by creating a shared parking strategy and reducing the need to develop surface parking lots in developed areas.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends the approval of this introductory ordinance.
end
Fiscal Impact
Fiscal Year: 2027
Budgeted Y/N?: Y.
Source of Funds: Laredo International Airport- Aeronautical Building Rent
Account #: 242-0000-361-1086
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Rent will commence at $3,000.00 a month and will be adjusted annually according to changes in the Consumer Price Index (CPI). All commission revenue will be deposited into the respective department’s revenue account No. 242-0000-361-1086.