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RESOLUTION 2014 -68R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING THE ADDITION OF SCHEDULE NO. <br />002 TO THE MASTER LEASE PURCHASE AGREEMENT BETWEEN <br />THE CITY AND SANTANDAR BANK, N.A. WHICH AUTHORIZES THE <br />LEASE /PURCHASE OF A MINI EXCAVATOR IN THE AMOUNT OF <br />$61,012.92 INCLUSIVE OF FINANCING COSTS; AUTHORIZING THE <br />CITY MANAGER OR HIS DESIGNEE TO EXECUTE ALL <br />APPROPRIATE DOCUMENTS ASSOCIATED WITH THIS <br />TRANSACTION; AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The Master Lease Purchase Agreement (the "Agreement ") between the <br />City of San Marcos and Santander, Bank, N.A. (formerly Sovereign Bank, N.A.) approved by the <br />City on February 19, 2013 (Resolution 2013 -26R) is amended to add Schedule No. 002 which <br />authorizes the lease /purchase of a 2014 Yanmar V1055 Excavator — Rubber Track with Canopy <br />in the amount of $61,012.92. <br />PART 2. The Purchasing Manager is authorized to execute the appropriate <br />purchasing documents on behalf of the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />Attest: <br />f <br />Jami8\L,eVPettij <br />City Cl k <br />ADOPTED this the 6th day of May, 2014. <br />Daniel Guerrero <br />Mayor <br />