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RESOLUTION 2016-169R <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 SANTANDAR BANK, N.A. WHICH <br /> AUTHORIZES THE LEASE/PURCHASE OF MOWERS AND <br /> ACCESSORIES FOR THE COMMUNITY SERVICES DEPARTMENT- <br /> PARKS AND RECREATION DIVISION IN THE TOTAL FINANCED <br /> AMOUNT OF $231,551.20 FOR A FIVE YEAR TERM INCLUSIVE OF <br /> INTEREST; AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE <br /> TO EXECUTE ALL APPROPRIATE DOCUMENTS ASSOCIATED WITH <br /> THIS 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. which authorizes the lease/purchase of Mowers <br /> and Accessories for the Community Services Department-Parks and Recreation Division in the <br /> total financed amount of$231,551.20 for a five year term inclusive of interest is approved. <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 /> ADOPTED this the 6th day of December, 2016. <br /> D iel Guerr <br /> Mayor <br /> Attest: <br /> ■ <br /> KJami- ee Case <br /> \ City C erk <br />