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RESOLUTION NO. 2021-13R <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 AN AIR <br />SWEEPER, DUMP TRUCK, AND EXCAVATOR TO BE FINANCED <br />UNDER THE AGREEMENT IN THE AMOUNT OF $521,387.35, <br />INCLUSIVE OF INTEREST, FOR A SEVEN-YEAR TERM; <br />AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO <br />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 Addendum to Master Lease Purchase Financing Agreement (the <br />"Addendum") with US Bancorp Government Leasing and Finance, Inc. adding an air sweeper, <br />dump truck, and excavator to be financed under the agreement in the amount of $521,387.35, <br />inclusive of interest, for a seven-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 January 19, 2021. <br />Jane Hughson <br />Mayor <br />JAtt t: <br />T mm Kook <br />nterim City Cleric <br />