View - Laredo, TX
View - Laredo, TX
View - Laredo, TX
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ORDINANCE<br />
ASSUMING THAT LEASEHOLD INTEREST FROM<br />
LESSEE PV INVESTMENTS, INC. AS APPROVED BY<br />
ORDINANCE NO. 2011-0-121 DATED SEPTEMBER 06,<br />
2011, ON TWO TRACTS OF LAND BEING LOT NO. 1<br />
CONSISTING OF APPROXIMATELY 15,463.8 SQUARE<br />
FEET AND LOT NO.3 CONSISTING OF<br />
APPROXIMATELY 4,769 SQUARE FEET ALL<br />
LOCATED ON BLOCK NO. 15 AT THE LAREDO<br />
INTERNATIONAL AIRPORT, INCLUDING ANY<br />
SUBLEASE INTERESTS EMANATING THERE FROM,<br />
AND COMPENSATING PV INVESTMENTS IN THE<br />
AMOUNT OF $106,000 FOR IMPROVEMENTS MADE<br />
ON THE LEASEHOLD PREMISES, AND<br />
AUTHORIZING THE CITY MANAGER TO EXECUTE<br />
ALL RELEVANT DOCUMENTS. FUNDING IS<br />
AVAILABLE IN THE AIRPORT FUND.<br />
WHEREAS, the Airport Manager recommends that the City Council approve to<br />
the Assuming that leasehold interest from LESSEE PV Investments, Inc. as approved by<br />
Ordinance No. 2011-0-121 dated September 06, 2011, on two tracts of land being Lot<br />
No. 1 consisting of approximately 15,463.8 square feet and Lot No.3 consisting of<br />
approximately 4,769 square feet all located on Block No. 15 at the <strong>Laredo</strong> International<br />
Airport, including any sublease interests emanating there from, and compensating PV<br />
Investments in the amount of$106,000 for improvements made on the leasehold premises<br />
and in furtherance of the development of the <strong>Laredo</strong> International Airport and as a<br />
support to the maintenance and operation ofthe <strong>Laredo</strong> International Airport;<br />
WHEREAS, the Airport Manager and the Airport Advisory Board finds that said<br />
lease and contract are in the best interest ofthe Airport; and<br />
WHEREAS, the City Council of the City of <strong>Laredo</strong> having heard the<br />
recommendations ofthe Airport Manager and ofthe Airport Advisory Board agrees with<br />
same.<br />
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE<br />
CITY OF LAREDO THAT:<br />
Section 1: The City Manager be and is hereby authorized to Assume that leasehold<br />
interest from LESSEE PV Investments, Inc. as approved by Ordinance No. 2011-0-121<br />
dated September 06, 2011, on two tracts of land being Lot No. 1 consisting of<br />
approximately 15,463.8 square feet and Lot No.3 consisting of approximately 4,769
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