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RESOLUTION 2016-26R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, APPROVING A LEASE-PURCHASE AGREEMENT <br /> BETWEEN THE CITY AND U.S. BANCORP GOVERNMENT LEASING <br /> AND FINANCE, INC., WHICH AUTHORIZES THE LEASE/PURCHASE <br /> OF A NEW XL3100 V 4X4-C34 TRUCK MOUNTED GRADALL <br /> EXCAVATOR IN THE TOTAL FINANCED AMOUNT OF $359,120.45 <br /> INCLUSIVE OF FINANCING COSTS; AUTHORIZING THE CITY <br /> MANAGER OR HIS DESIGNEE TO EXECUTE ALL APPROPRIATE <br /> DOCUMENTS ASSOCIATED WITH THIS TRANSACTION; AND <br /> 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 City of <br /> San Marcos and U.S. Bancorp Government Leasing and Finance, Inc., which authorizes the <br /> lease/purchase of a new XL3100 V 4x4-C34 Truck Mounted Gradall Excavator in the total <br /> financed amount of$359,120.45 is approved. <br /> PART 2. The City Manager or his designee is authorized to execute all appropriate <br /> documents associated with this transaction on behalf of the City. <br /> PART 3. This Resolution shall be in full force and effect immediately from and after its <br /> passage. <br /> ADOPTED this the 15th day of March, 2016. <br /> iel Guerre <br /> Mayor <br /> Attest: <br /> �' �� (. ' <br /> Jamie L--r'ettij•, n, 16 <br /> City Cler <br />