Downtown Business Improvement District Meeting, 03/09/2026

The City of Laredo Downtown Business Improvement District held a committee meeting on March 9, 2026, focusing primarily on administrative and financial governance matters. Key procurement-related discussions included the approval of an RFP process for selecting a bank to manage district funds, with a motion passed unanimously to proceed with drafting the solicitation. The board also adopted a delinquency assessment collection and enforcement policy, including a four-year voluntary moratorium on foreclosures, with safeguards and procedures for handling delinquencies. Additionally, the board approved contracts for professional services: a bookkeeping and consulting contract with OG Business Consulting not to exceed $10,000 annually, and an engagement letter with the law firm Alan Boon Humphrey's Robinson LLP for legal services capped at $10,000 for the fiscal year. These actions establish frameworks for financial management, legal counsel, and enforcement policies to support the district's operations and future procurement activities.