SUBJECT
title
Authorizing City Manager to execute a contract by and between Raydo Advertising Company, LLC, a Texas limited Liability Company and Laredo Transit Management Inc., El Metro for installing, maintaining, and operating a comprehensive street furniture of two hundred (200) donated benches and selling third party advertising thereon, and desires to install benches at LTMI bus stops in the City to operate exclusive third-party advertising. The term of the agreement shall be for ten (10) years with the option to renew an additional ten (10) years, commencing on July 1, 2026.
body
PREVIOUS COUNCIL ACTION
n/a
BACKGROUND
Raydo Advertising LLC is a Domestic Limited-Liability Company organized to operate, install, and maintain comprehensive street furniture and advertising program.
COMMITTEE RECOMMENDATION
Click or tap here to enter text.
STAFF RECOMMENDATION
recommendation
Staff recommends approval of this motion.
end
Fiscal Impact
Fiscal Year: 2026
Budgeted Y/N?: Y
Source of Funds: Revenue
Account #: 558 0000 339 2001
Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
This is a revenue contract, amounts received from contractor shall be deposited in the Advertising Account 558 000 339 2001.