Airport Ground Lease With Gravity Jets LLC

The City of Laredo plans to execute a parcel development ground lease with Gravity Jets, LLC for airport property to construct a fuel containment pad at $250 per month with CPI-based annual adjustments. The lease includes one nine-year extension option, supporting aviation-related infrastructure at Laredo International Airport.

Document date · April 22, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$250.00/month

Contract type

FACILITIES

Contract term

Initial term not stated plus one (1) option to extend for an additional nine (9) years

Renewal

Lease includes one option to extend for an additional nine years; rent escalates annually based on CPI.

Document type

Agenda

Source document

City of Laredo Regular Meeting Agenda 2025-04-22

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city_of_laredo_city_council_meeting_minutes_may_5.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Laredo Urban Transportation Study?

Gravity Jets Llc was awarded this facilities contract by Laredo Urban Transportation Study, as recorded on April 22, 2025. The contract value is $250.00/month.

How much is the Gravity Jets Llc contract with Laredo Urban Transportation Study worth?

The Gravity Jets Llc contract with Laredo Urban Transportation Study is valued at $250.00/month, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Laredo Regular Meeting Agenda 2025-04-22 (Agenda), dated April 22, 2025 from Laredo Urban Transportation Study. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gravity Jets Llc hold?

Gravity Jets Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Gravity Jets Llc's profile

What is Laredo Urban Transportation Study currently buying?

Explore Laredo Urban Transportation Study's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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