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RESOLUTION NO. 2021-93R <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 A HYDRO <br />EXCAVATOR FOR USE BY THE PUBLIC SERVICES WATER <br />DISTRIBUTION DIVISION TO BE FINANCED UNDER THE <br />AGREEMENT IN THE AMOUNT OF $475,324.69, INCLUSIVE OF <br />INTEREST, FOR A TEN-YEAR TERM; 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 Addendum to the Master Lease Purchase Financing Agreement (the <br />"Addendum") with US Bancorp Government Leasing and Finance, Inc. adding a Hydro Excavator <br />for use by the Public Services Water Distribution Division to be financed under the agreement in <br />the amount of $475,324.69, inclusive of interest, for a ten-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 May 18, 2021. <br />Jane Hughson <br />Mayor <br />AtG st: <br />T my K. ook <br />nterim. C1" y Clerk <br />