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RESOLUTION NO. 2020-43R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING AN ADDENDUM TO THE MASTER <br />LEASE -PURCHASE FINANCING AGREEMENT WITH US BANCORP <br />GOVERNMENT LEASING AND FINANCE INC. THAT ADDS EIGHTEEN <br />2020 POLICE CHEVROLET TAHOES AND TWO 2020 CHEVROLET <br />SILVERADOS TO BE FINANCED UNDER THE AGREEMENT IN THE <br />AMOUNT OF $678,973.23, INCLUSIVE OF INTEREST, FOR A THREE- <br />YEAR TERM; AUTHORIZING THE CITY MANAGER OR HIS <br />DESIGNEE TO EXECUTE ALL APPROPRIATE DOCUMENTS <br />ASSOCIATED WITH THIS TRANSACTION; AND DECLARING AN <br />EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The Addendum to Master Lease Purchase Financing Agreement (the <br />"Addendum") with US Bancorp Government Leasing and Finance, Inc. adding eighteen 2020 <br />police Chevrolet Tahoes and two 2020 Chevrolet Silverados to be financed under the agreement <br />in the amount of $678,973.23, inclusive of interest, for a three-year term is approved. <br />PART 2. The City Manager or his designee is authorized to execute the 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 <br />its passage. <br />ADOPTED on March 3, 2020. <br />ane Hughson <br />Mayor <br />Attest <br />ammy � ook <br />Interim CCi Clerk <br />