File #: 24-0586    Version: 1
Type: Introductory Ordinance Status: First Reading
File created: 3/1/2024 In control: City Council
On agenda: 3/18/2024 Final action:
Title: Authorizing the City Manager to execute legal documents conveying to AEP Texas Inc., a 10 foot wide utility and fiber easement and Right-of-Way within a portion of Blocks X, Y, Z, 08-A & 08-B Western Division. The City of Laredo is the current owner of the parcels, more particularly described by exhibit "A" attached hereto, and made part of; providing for an effective date. Conveyance of easements will be accounted for in the City of Laredo's Fixed Assets System.
Attachments: 1. Introductory Ordinance, 2. Exhibit A

SUBJECT

title

Authorizing the City Manager to execute legal documents conveying to AEP Texas Inc., a 10 foot wide utility and fiber easement and Right-of-Way within a portion of Blocks X, Y, Z, 08-A & 08-B Western Division. The City of Laredo is the current owner of the parcels, more particularly described by exhibit “A” attached hereto, and made part of; providing for an effective date.  Conveyance of easements will be accounted for in the City of Laredo’s Fixed Assets System.

 

body

PREVIOUS COUNCIL ACTION

N/A

 

BACKGROUND

The City has a current lease agreement with Verizon and it provides Verizon with an access utility and fiber easements on the parcel: however, AEP Texas is requesting an easement directly with the City of Laredo.

 

COMMITTEE RECOMMENDATION

N/A

 

STAFF RECOMMENDATION

recommendation

Staff recommends the approval of this resolution.

end

Fiscal Impact

 

Fiscal Year:                                                                                                          2024

Budgeted Y/N?:                                                                                    No

Source of Funds:                                                                                     N/A

Account #:                                                                                                          N/A

Change Order: Exceeds 25% Y/N:                      N/A

 

FINANCIAL IMPACT:

Will be accounted for in the City’s Fixed Assets System.