SUBJECT
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Authorizing the City Manager to execute a lease agreement between the City of Laredo and L.A. Ventures D.E.L. Inc. for the property located at 6909 Springfield Ave, Suite 200B, Laredo, Texas 78041, in the amount of $92,260.00 for the term period of April 1, 2025 through March 31, 2026, for City of Laredo Police Department Auto Theft Task Force operations with the option to extend for an additional year, contingent upon funding availability. Funding is available in the Auto Theft Task Force Fund.
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PREVIOUS COUNCIL ACTION
None.
BACKGROUND
The Laredo Police Department was awarded the Catalytic Converter Grant SB224 through the Motor Vehicle Crime Prevention Authority. The Laredo Police Department is interested in leasing the office space located at 6909 Springfield Ave, Suite 200B to house the Laredo Auto Theft Task Force.
COMMITTEE RECOMMENDATION
None.
STAFF RECOMMENDATION
recommendation
It is recommended that this lease agreement be approved.
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: Y
Source of Funds: Grant
Account #: 222-2348
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available in the Auto Theft Task Force Fund, Catalytic Converter Grant SB224 account 222-2348 with project number ATCC24. Lease is subject to the continuation of MVCPA funding.