FACILITIESAPPROVED

Laredo Utilities Awards Facilities Contract to Gravity Jets Llc (September 2024)

The City of Laredo approved a 30-year parcel development ground lease with Gravity Jets, LLC for 13.42 acres at the airport to build a fixed-base operator facility. The lease includes $11,691.50 in monthly rent, adjusted annually by CPI, and one option to extend for nine years.

Document date · September 16, 2024

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$11,691.50/month
Contract type
FACILITIES
Contract term
30 years with one 9-year extension option
Renewal
One option to extend the initial 30-year term for an additional 9 years, with rent adjusted annually based on the Consumer Price Index.
Document type
AgendaPacket
Source document
City of Laredo AgendaPacket Regular Meeting Agenda 2024-09-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Laredo Utilities?

Gravity Jets Llc was awarded this facilities contract by Laredo Utilities, as recorded on September 16, 2024. The contract value is $11,691.50/month.

How much is the Gravity Jets Llc contract with Laredo Utilities worth?

The Gravity Jets Llc contract with Laredo Utilities is valued at $11,691.50/month, covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Laredo AgendaPacket Regular Meeting Agenda 2024-09-16 (AgendaPacket), dated September 16, 2024 from Laredo Utilities. 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 Utilities currently buying?

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

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