SUBJECT
title
Public Hearing and Introductory Ordinance authorizing the City Manager to execute a lease agreement between the Laredo Transit Management, Inc., (Lessor) and the City of Laredo Police Department (Lessee) for the lease of 340.72 sq. ft. of building space located on the first-floor west wing of the Laredo Transit Center, 1301 Farragut Street, for a total monthly sum of $400.00 for a term of three (3) years commencing on January 1, 2024. Lessor covenants and agrees to allow the Lessee to occupy the premises beginning January 1, 2024 without paying rent until October 1, 2024. Funding is available in the Police General Fund.
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PREVIOUS COUNCIL ACTION
None.
BACKGROUND
The Laredo Police Department Bike Unit is seeking to occupy 340.72 sq. ft. office space located on the first (1st) floor West wing for the term of three (3) years commencing on January 1, 2024 for a monthly rate of $400.00. Monthly rent payments will commence until October 1, 2024. In exchange of no rental payment from January 1, 2024 to October 1, 2024, the Laredo Police Department will provide security presence for the entire facility located at 1301 Farragut Street.
COMMITTEE RECOMMENDATION
None.
STAFF RECOMMENDATION
recommendation
Staff recommends passage of this Introductory Ordinance and Public Hearing.
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Fiscal Impact
Fiscal Year: 2026
Budgeted Y/N?: Y
Source of Funds: General Fund
Account #: 101-2366-523-3710
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available in the Police General Fund.