SUBJECT
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An ordinance of the City of Laredo authorizing the City Manager to amend a lease agreement between the City of Laredo, as Lessor, and the Laredo Police Department, as Lessee, approved by Ordinance No. 2020-O-147 dated November 02, 2020, by amending the lease to increase the square footage of the leased premises from 138,359 square feet to 223,372 square feet in Section 1.01 of the lease and by additionally, amending Section 1.03 Rental Obligation by increasing the monthly obligation from $11,358.00 to $13,066.00. All other terms and conditions remain unchanged and in effect.
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: Strong
Supporting goal(s)/policy(ies):
* Policy 4.16.2: The city supports new mixed-use development and redevelopment on and around airport land.
Summary of alignment:
The proposed ordinance aligns strongly with the Viva Laredo Plan by encouraging creative and economically beneficial uses of airport property by executing leases that activate underutilized parcels, support airport-adjacent economic growth, and create compatible land uses.
PREVIOUS COUNCIL ACTION
Ordinance No. 2020-O-147, November 02,2020
BACKGROUND
On November 02, 2020, the Laredo City Council approved lease agreement between the Laredo International Airport and the Laredo Police department for a property located on 712 Maher.
The Laredo Police Department is a tenant in good standing and has proposed a lease amendment to the Airport, in which the amount of square footage would be increased. The Airport is in agreement with the lease amendment and has discussed with Laredo Police Department the need to increase the rent in order maintain the rent at fair market value as required by FAA Grant Assurances. Laredo Police Department is in need of this extra space for their operations.
The amendment to this lease is in the best interest for both the Laredo Police Department and for the Laredo International Airport.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOM...
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