SUBJECT
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Authorizing the City Manager to execute a lease agreement between the Laredo International Airport and the City of Laredo Police Department for approximately 5,320 square feet at 4812 N. Bartlett Avenue, Laredo, Webb County, Texas 78041 situated on Block 8, of the Subdivision Plat of Laredo Airport according to the map or plat thereof recorded in Volume 5, Page 1, Plat Records of Webb County, Texas. Lease term shall be for a total of five (5) years, with three options to extend this lease, with each option being an additional five (5) years, commencing on April 1, 2026. Initial monthly rent shall be $6,230.00 a month and will be adjusted annually according to changes in the consumer price index (CPI); and providing for an effective date.
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PREVIOUS COUNCIL ACTION
N/A
BACKGROUND
The Laredo International Airport owns the property and building located on 4812 Bartlett Avenue. The Laredo Police Department has proposed the Airport a new lease agreement between both departments for the purposes of expanding LPD's operational space.
The Laredo Police Department has been a tenant in good standing with the Airport for many years. The proposed lease would be for a total of five (5) years, with three options to extend this lease, with each option being an additional five (5) years, commencing on April 1, 2026. Initial monthly rent shall be $6,230.00 a month and will be adjusted annually according to changes in the Consumer Price Index (CPI).
It is in the best interest for both the Laredo Police Department and the Laredo International Airport that this lease be approved.
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.
Policy 1.1.2:
Encourage infill development and redevelopment within the existing city limits to maximize infrastructure investments and reduce sprawl.
Goal 11.3:
Advances innovative strategies fo...
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