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39 RESOLUTION 1983-59R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS; TEXAS; AUTHORIZING THE MAYOR OF SAID CITY TO BORROW FUNDS ON BEHALF OF SAID CITY F.oR THE FINANCING OF TWENTY (20) POLICE AUTOMDB1#ES AND EQUIPMENT; REQUES'rING THE STATE PURC'RASING AND GENERAL SERVICES COMMISSION TO INCLUDE SAID CITY'S STATED NEED FOR SAID AUTOMOBILES AND EQUIPMENT ON THE COMMISSION'S ANNUAL CONTRACTS FOR SUCH ITEMS WHEREBY SAID CITY MAY PURCHASE SUCH ITEMS FROM THE ANNUAL CONTRACT IN QUESTION; AUTHORIZING THE CITY MANAGER TO ACT FOR SAID CITY IN ALL MATTERS RELATING TO THE PURCHASING PROGRAM OF SAID COMMISSION AND TO SIGN AND DELIVER ALL NECESSARY REQUESTS AND OTHER DOCUMENTS IN CONNECTION THEREWITH ON BEHALF OF SAID CITY; DIRECTING ALL DECISIONS MADE BY SAID CITY MANAGER IN ALL SUCH MATTERS; AGREEING TO PURCHASE SAID AUTOMOBILES AND EQUIPMENT IN ACCORDANCE WITH THE CONTRACT MADE HEREUNDER EXCEPT IN AN EMERGENCY, TO BE RESPONSIBLE FOR PAYMENT DIRECTLY TO THE VENDOR UNDER SUCH CONTRACT, TO BE RESPONSIBLE FOR THE VENDOR'S COMPLIANCE WITH ALL CONDITIONS OF DELIVERY AND QUALITY OF SAID AUTOMOBILES AND EQUIPMENT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, by Ordinance dated September l2, 1983, the City Council of the City of San Marcos, Texas, adopted the budget for said City for the fiscal year beginning October 1, 1983 and ending on September 30, 1984 and said budget included an amount of $73,437.00 for the first of four annual repayments of a four-year loan for the financing of twenty (20) police automobiles and equipment; and WHEREAS, Hays County National Bank of San Marcos, Texas, lS the official depository of said City by virtue of Resolution No. 83-37 approving the terms and conditions of the Depository Contract To Secure Funds Of City Of San Marcos, Texas, dated September 29, 1983; and, WHEREAS, the estimated total cost of twenty (20) police automobiles and equipment is approximately $250,000.00; and, WiHEREAS, the City of San Marcos, Texas, pursuant to the authority granted by Article 664-7, Vernon's Texas Civil Statutes, as amended, desires to participate in a certain purchasing program of the State Purchasing and General Services Commission for the purchase of said automobiles and equipment; and, WHEREAS, the said City of San Marcos, Texas, is of the opinion that participation in this program will be highly beneficial to the taxpayers of this City, through the anticipated savings to be realized; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. That the Mayor of the City of San Marcos, Texas, be, and she is hereby, authorized to borrow funds on behalf of said city in an amount not exceeding $250,000.00 from Hays County National Bank for the financing of twenty (20) police automobiles and equipment at a rate of interest not to exceed the prime rate of interest, said funds to be repaid by tax revenues generated by the levy of ad valorem taxes by said City.