Laserfiche WebLink
RESOLUTION NO. 2021-111R <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 SANTANDER, <br />INC. TO ADD A TRACTOR, TRAILER, ROADWAY PATCHER AND <br />TWO DUMP TRUCKS FOR USE BY THE STREETS DIVISION OF THE <br />PUBLIC WORKS DEPARTMENT TO BE FINANCED UNDER THE <br />AGREEMENT IN THE AMOUNT OF $793,977.94, INCLUSIVE OF <br />INTEREST, FOR A SEVEN-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 Santander, Inc. to add a tractor, trailer, roadway patcher and two dump trucks <br />for use by the Streets Division of the Public Works Department to be financed under the agreement <br />in the amount of $793,977.94, 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 July 6, 2021. <br />ane Hughson <br />Mayor <br />A test: <br />.., <br />...mma m K. -Cook <br />Interim City Clerk <br />