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RESOLUTION NO. 2021-193R <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 U.S. BANKCORP <br />THAT ADDS THERMOPLASTIC STRIPER EQUIPMENT AND A <br />PREMELTER TRAILER FOR USE BY THE TRANSPORTATION <br />DIVISION OF THE PUBLIC WORKS DEPARTMENT TO BE FINANCED <br />UNDER THE AGREEMENT IN THE AMOUNT OF $131,323.78, <br />INCLUSIVE OF INTEREST, FOR A FIVE-YEAR TERM; AUTHORIZING <br />THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE ALL <br />APPROPRIATE DOCUMENTS ASSOCIATED WITH THIS <br />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 U.S. Bankcorp adding Thermoplastic Striper Equipment and a Premelter <br />Trailer for use by the Transportation Division of the Public Works Department to be financed <br />under the agreement in the amount of $131,323,78, inclusive of interest, for a five-year term is <br />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 September 21, 2021. <br />ke <br />Jane Hughson <br />Mayor <br />Att t: <br />a <br />in Cook <br />interim City Clerk <br />