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Res 2004-005
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Res 2004-005
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Last modified
5/26/2004 10:29:26 AM
Creation date
5/21/2004 11:17:00 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2004-5
Date
1/12/2004
Volume Book
154
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Wells Fargo Brokerage Services, LLC <br />1740 Broadway, MAC C7300-011 <br />Denver, Colorado 80274 <br /> <br />SUPPLEMENT TO MASTER LEASE <br /> <br />Name and address of Lessee: <br /> <br />City of San Marcos <br />630 E. Hopkins <br />SanMarcos, Texas 78666 <br /> <br />Supplement #1626-002 <br /> <br />This is a Supplement to the Governmental Lease-Purchase Master Agreement dated January 22, 2004 and between <br />Lessor and Lessee (the "Master Lease"). Upon the execution and delivery by Lessor and Lessee of this Supplement, <br />Lessor hereby agrees to lease to Lessee, and Lessee hereby agrees to lease from Lessor, the Property described <br />below upon the terms and conditions of this Supplement and the Master Lease. <br /> <br /> PROPERTY DESCRIPTION <br /> <br />Quantity Serial Number <br />1 2004 Backhoe Loader <br /> <br />Location of Property (if different from Lessee's address) <br /> <br />Rent commencement date: January 22, 2004 <br />Term in months from rent commencement <br /> <br />55 <br />(May not exceed 299 months) <br />Rental payment period (check one) <br /> <br />[] Monthly <br />[] Quarterly <br />[] Semi-annually <br /> <br />SCHEDULE OF RENT PAYMENTS <br /> <br />[] Annually <br />[] Other - see additional <br /> provisions <br /> <br /> Basic Rental Number of <br /> Paymems Payments <br /> <br /> $10,054.43 10 <br /> <br /> Interest Rate First Payment <br /> Date <br /> <br /> 3.56% February 1, 2004 <br /> <br />FINANCE AMOUNT $92,906.82 <br /> <br />Advance <br />Payments <br /> <br />-0- <br /> <br />Final Purchase <br />Option Price <br /> <br />$1.00 <br /> <br />TOTAL RENT $100,544.30 <br /> <br />Additional Provisions: <br /> <br />Lessor: Wells Fargo Brokerage Services, LLC <br /> <br />By. <br /> <br />Its Vice President <br /> <br />Lessee: City of San Marcos, Texas <br /> <br />By 3-~/ <br />Its CITY IvIANAGER <br /> <br />Date: January 22, 2004 Date: January 22, 2004 <br /> <br /> <br />
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