SUBJECT
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An Ordinance of the City of Laredo, Texas, authorizing the City Manager to ratify the execution of an amendment to lease agreement HSBP-1111-L-IN0231, between U.S. Customs and Border Protection, as an entity of the United States of America and the City of Laredo, as lessor, for an additional 3,590 square foot tract of land as depicted on Exhibit A, needed to construct, operate, and maintain the new integrated railcar inspection system. The Amendment lease agreement is effective December 1, 2024 through August 31, 2031 under the same terms and conditions of the original lease or any supplemental lease agreed upon by both parties and with no additional rental fee.
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PREVIOUS COUNCIL ACTION
Public Hearing and Introductory Ordinance was approved on special council meeting held on December 20, 2024.
BACKGROUND
Original lease agreement was approved under Ordinance 2022-O-003 on January 26, 2022.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends approval of this ordinance.
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Fiscal Impact
Fiscal Year: 2025
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Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
No financial impact.