Commissioners Court Meeting
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Meeting Date:
11/14/2022
Lease Renewal - Laurel Properties
Submitted for:
Maria Silva
Submitted By:
Maria Silva
Department:
Water Utilities
Subject:
Discussion and possible action to approve a Two year (2yr.) lease extension between F.D. Laurel Properties, LLC., as Lessor, and Webb County, as Lessee, for their Economic Development Department Home Office site at a monthly rental of $3,502.00 per month, described as Lot 3, Block 232; together with the parking area on the West 1/3 of Lot 1, Block 232, Western Division, City of Laredo, Webb County, Texas commencing December 1, 2022 thru November 30
th
, 2024, with two year renewal option and authorizing the Webb County Judge to sign any and all relevant documents; and any other matters incident thereto.
[Account #1001-1130-001-444100 (Space Rental General Operating Fund)]
Background:
N/A
Previous Court Action:
N/A
Fiscal Impact
Budget Account Number:
1001-1130-001-444100
Funding Source:
Space Rental
Balance:
$65,328.35
Financial Impact:
General Operating Fund
1001-1130-001-444100 Space Rental Account
Monthly Rent: $3,502.00
Annual Rent: $42,024.00
Current Balance: $65,328.35
Attachments
Lease Agreement
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