City of Laredo Regular Meeting Agenda 2026-06-15
City Approves Incentive Pact with LITOS Texas LLC for Industrial Development
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Description
City Council approved a five-year Chapter 380 Agreement with LITOS Texas, LLC providing economic development incentives for up to $31 million in investment and at least 20 new jobs in light manufacturing.
Contract Details
Contract Amount
aggregate estimated investment of $31,000,000.00 (rebate/performance-based)
Vendor
LITOS TEXAS LLC
Agency
Laredo Utilities, TX
Contract Type
OTHER
Document Date
June 15, 2026
Contract Term
5 years
Renewal Date
2031-06-15
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City of Laredo Regular Meeting Agenda 2026-06-15
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