SUBJECT
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Consideration to award contract FY24-012 to sole bidder, EAN Holdings, LLC, dba Enterprise Rent-A-Car and National Rent-A-Car, St. Louis, MO, in order to provide management and operation of an automobile rental concession in the terminal building at the City of Laredo International Airport. The term of the contract shall be a period of three years beginning the date of its execution. This contract may be renewed one additional three-year extension period upon mutual agreement of both parties with the same terms and conditions. The leased counter space monthly rent shall be in the amount of $699.46 and the monthly rent for the use of 39 parking spaces shall be in the amount of $897.00. The Minimum Annual Guarantee for the first year of this agreement is a total of $178,905.00. Total revenue for the first year of this term will be at a minimum of $198,062.52. All services will be secured on an as needed basis.
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BACKGROUND
The Laredo International Airport solicited formal bids through Cit-E-Bid for the management and operation of an automobile rental concession at the terminal building. One proposal was received from EAN Holdings LLC, dba Enterprise Rent-A-Car and National Rent-A-Car. Staff evaluated and negotiated terms of the contract with the sole bidder and is recommending that this contract be awarded to EAN Holdings, LLC, dba Enterprise Rent-A-Car and National Rent-A-Car.
The term of this contract is for three (3) years, with the option to renew one (1) additional three (3) years upon mutual agreement of both parties. The leased counter space monthly rent shall be in the amount of $699.46 and monthly rent of $897.00 for 39 parking spaces. The Minimum Annual Guarantee for the first year of this agreement is for a total of $178,905.00. Total revenue for the first year of this term will be at a minimum of $198,062.52
This contract will be the responsibility of an administered by the...
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