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RESOLUTION NO. 2023-80R <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 ONE (1)41' <br /> DIGGER DERRICK-TRACKED BACKYARD, FIVE (5) FORD F350 <br /> SUPERVISOR TRUCKS, TWO (2) 47' DIGGER DERRICKS (DC47), ONE <br /> (1) AM55 OVERCENTER AERIAL DEVICE, FOUR (4) ARTICULATING <br /> TELESCOPIC AERIAL DEVICES (AT41M) FOR THE ELECTRIC - <br /> UTILITIES DEPARTMENT AS EQUIPMENT TO BE FINANCED UNDER <br /> THE AGREEMENT IN THE AMOUNT OF $3,103,948.12, INCLUSIVE OF <br /> INTEREST FOR A SEVEN (7) YEAR TERM; AUTHORIZING THE CITY <br /> MANAGER OR HER 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 one(1)41' Digger <br /> Derrick-Tracked Backyard, five (5) Ford F350 Supervisor Trucks, two (2) 47' Digger Derricks <br /> (DC47),one (1)AM55 Overcenter Aerial Device, four(4)Articulating Telescopic Aerial Devices <br /> (AT41M)for the Electric -Utilities Department as equipment to be financed under the Agreement <br /> in the amount of$3,103,948.1.2, inclusive of interest for a seven (7) year term is approved. <br /> PART 2. The City Manager or her designee is authorized to execute all 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 April 18, 2023. <br /> I:Hughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />