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RESOLUTION NO.2021-11SR <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 <br />COMBINATION TRUCK (EXCAVATOR) FOR USE BY THE <br />WATER/WASTEWATER DIVISION OF THE UTILITIES DEPARTMENT <br />TO BE FINANCED UNDER THE AGREEMENT IN THE AMOUNT OF <br />$333,146.20, 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 the Master Lease Purchase Financing Agreement (the <br />"Addendum") with US Bancorp Government Leasing and Finance, Inc. adding a Combination <br />Truck (Excavator) for use by the Water/Wastewater Division of the Utilities Department to be <br />financed under the agreement in the amount of $333,146.20, inclusive of interest, for a seven-year <br />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 />4 A115 CY11- <br />ane Hughson <br />Mayor <br />A st: <br />T mmy K.took <br />Interim City Clerk <br />