Authorizing the City Manager to execute the renewal/extension of the Lamar Texas Limited Partnership, d/b/a Lamar Advertising contract FY22-042 of Laredo for bus shelter advertising, installation, and maintenance for an inventory of 103 locations for an additional and final one (1) year extension option. Lamar agrees to pay the city on or before the first day or each quarter, the quarterly amount of $5000.00 of the minimum annual guaranteed of $20,000.00. In addition to the guaranteed annual payments, the city will participate with Lamar Advertising’s “excess” gross receipts 40.01% of the annual gross receipts collected by Lamar Advertising on the shelters. These payments will be made to the city within one (1) month of the end of each quarter. This renewal will commence on April 2026 and end on April 2027.

The City of Laredo is considering a renewal/extension of its contract with Lamar Texas Limited Partnership (d/b/a Lamar Advertising) for bus shelter advertising, installation, and maintenance. This proposed extension is for a final one-year term, commencing in April 2026 and ending in April 2027, covering an inventory of 103 locations. Under the renewal, Lamar Advertising will pay the city a minimum guaranteed annual amount of $20,000.00, paid quarterly in $5,000.00 installments. Additionally, the city will receive 40.01% of Lamar Advertising's "excess" gross receipts collected from the shelters, with these payments due within one month of the end of each quarter. The contract renewal notice indicates that any price adjustments will be considered but are subject to mutual consent and documentation, with the city reserving the right to cancel the contract if an increase is deemed excessive.