SUBJECT
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Consideration to award contract to vendor Hubpoint Strategic Advisors, LLC for the Laredo International Airport, for the promotion of Air Cargo Activity for a fixed fee rate of $65,000.00 and a term of one year. Funding is available in the Airport Fund.
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PREVIOUS COUNCIL ACTION
City Council approved a motion to award a professional services contract with Hubpoint Strategic Advisors on February 7, 2022.
BACKGROUND
The Laredo International Airport is need of Professional Services for the promotion of Air Cargo Activity. Hubpoint Strategic Advisors LLC, has prepared a proposal which is prepared to promote activity for the Laredo International Airport’s Air Cargo activity. The scope of work is designed to effectively
promote increased activity at LRD by relevant entities of the air cargo community. Importantly, Hubpoint’s promotional efforts will involve close coordination with LRD management and the Aviation Facilities Company (“AFCO”) to identify, prioritize and pursue growth opportunities.
Work under this contract will be task-based. Based on assessments of required activities and air cargo opportunities, Hubpoint will define specific task proposals for LRD’s consideration. The task proposals will relate to the Scope of
Work described above and will include details regarding deliverables, project schedule, Professional Fees and expenses. The tasks, when defined, will be fixed fee and task work will be invoiced each month on a percent
completed basis.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
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Staff recommends the approval of this motion.
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Y
Source of Funds: Laredo International Airport Fund
Account #: 242-3605-583.55-26
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Contract amount: $65,000.00
Funds are available through the Laredo International Airport Account: 242-3605-583.5526