COUNCIL COMMUNICATION

 

DATE:

 

3/11/2002

 

 

SUBJECT:  FINAL READING OF ORDINANCE 2002-O-048

Authorize the City Manager to execute a lease renewal with Pinkerton for two office spaces totaling approximately 500 square feet and located at the International Bridges I & II.

1.      Lease term is for one (1) year commencing on November 1, 2001 and ending on October 31, 2002.

2.      Monthly rent will be $2,000.00 for both properties.

3.       City of Laredo may terminate this lease within ninety (90) days written notice.

 

 

 

INITIATED BY:

Larry Dovalina, City Manager

 

STAFF SOURCE:

Rafael Garcia, Jr., Bridge System Director

 

 

PREVIOUS COUNCIL ACTION:  

Council has in the past approved leasing these properties to Pinkerton.

 

 

BACKGROUND:

 

The City of Laredo has in the past leased these properties to Pinkerton and has never had any problems with the customer.  Pinkerton has once again advised of their interest to continue leasing these properties at the amount of $2,000 per month.

 

 

FINANCIAL IMPACT:

The City of Laredo will receive $24,000.00 a year.

 

 

COMMITTEE RECOMMENDATION:

N/A

 

 

 

STAFF RECOMMENDATION:

Approval for the City Manager to execute a lease renewal with Pinkerton.

 

 

AN ORDINANCE 2002-O-048

 

AUTHORIZING THE CITY MANAGER TO EXECUTE A LEASE RENEWAL WITH PINKERTON’S INC. FOR TWO OFFICE SPACES TOTALING APPROXIMATELY 500 SQUARE FEET AND LOCATED AT OUR INTERNATIONAL BRIDGES I & II.

 

 

1.     Lease term is for one (1) year commencing on November 1, 2001 and ending on October 31, 2002.

2.     Monthly rent will be $2,000.00 for both properties.

3.     City of Laredo may terminate this lease within ninety (90) days written notice.

 

WHEREAS, the Director of the Laredo Bridge System recommends that the City Council approve the proposed lease, attached hereto as Exhibit A, in furtherance of the development of the City owned property being part of the Laredo Bridge System; and

 

WHEREAS, the Director of the Laredo Bridge System finds that Pinkerton’s Inc. has been a good tenant under a previous lease for the same property; and

 

WHEREAS, the City Council finds that the proposed lease, copy of which is attached hereto Exhibit A, would be in the City’s interest and benefit.

 

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LAREDO THAT:

 

Section 1:  Authorizing the City Manager to execute a lease with Pinkerton’s Inc. for two office spaces totaling approximately 500 square feet and located at our International Bridges I & II for a term of one (1) year at $2,000.00/month, commencing November 1, 2001 and ending October 31, 2002, a copy of said lease is attached hereto as Exhibit A, and incorporated herein.

 

Section 2:  This lease shall become effective upon passage thereof.

 

 

 

 

PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR ON THIS THE ________DAY OF ____________, 2002.      

 

 

 

______________________

Elizabeth G. Flores, Mayor

 

 

ATTEST:

 

______________________

Gustavo Guevara

City Secretary

 

 

APPROVED AS TO FORM:

 

______________________

Jaime L. Flores

City Attorney