Commissioners Court Meeting

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Meeting Date:	12/12/2018
FD Laurel Properties Economic Development Lease Agreement 2018-2019
Submitted for:	Erika Hernandez	Submitted By:	Erika Hernandez
Department:	Civil Legal Division

Subject:

Discussion and possible action to approve a one (1) year office building lease, with three (1 yr.) lease renewal option periods by and between F.D. Laurel Properties, LLC., as Lessor and Webb County, Texas as Lessee, commencing December 1, 2018 thru November 30, 2019, at a monthly rental rate of $2,702.00 per month, described as Lot 3, Block 232, Western Division, City of Laredo, Webb County, Texas, also known as 1308 San Agustin St., subject to annual budgetary appropriations and authorizing the County Judge to sign and execute all relevant documents, and any other matters incident thereto. [Requested by James Flores, Director, Webb County Economic Development Dept.; Acct. #1001-1130-001-444100 (Space Rental General Operating Fund)]

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	See Financial Impact
Funding Source:	See Financial Impact
Balance:	N/A
Financial Impact:
Acct. #1001-1130-001-444100 Space Rental General Operating Fund

Attachments
F.D. Laurel Lease for Economic Development