City of Laredo Regular Meeting Agenda 2026-06-15
City Acquires and Receives Donation of Land from SKG H4 LLC
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Description
The City Council authorized the purchase of a 3.00-acre tract and accepted the donation of an additional 2.00-acre tract from SKG H4, LLC for a combined value exceeding $1.9 million, facilitating community development initiatives. The action includes payment of 50% of closing costs and is funded through the 2022 Certificate of Obligation Bond Program.
Contract Details
Contract Amount
$1,125,000.00 (purchase) plus acceptance of 2.00-acre donation valued at $822,000.00; City to pay 50% of estimated closing costs of $3,500.00
Vendor
SKG H4 LLC
Agency
Laredo Utilities, TX
Contract Type
OTHER
Document Date
June 15, 2026
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