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<br />93. <br /> <br />RESOLUTION 2000-_~R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, AUTHORIZING THE EXECUTION AND <br />DELIVERY OF A LEASE-PURCHASE AGREEMENT AND RELATED <br />INSTRUMENTS BETWEEN THE CITY AND THE HOUSTON <br />COMMUNITY BANK, N.A. TO PROVIDE FUNDING FOR THE <br />PURCHASE OF PUBLIC SAFETY COMPUTER HARDWARE; <br />DETERMINING OTHERMA TTERS IN CONNECTION THEREWITH; <br />Al. 'DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council ofthe City of San Marcos (the "City") has determined that a need exists for the <br />public safety computer hardware (the "Equipment") described in the attached Municipal Lease Agreement <br />(the "Agreement") with Houston Community Bank, N.A. (the "Bank") presented to this meeting. <br /> <br />2. The City has taken the necessary steps, including those relating to any applicable legal <br />procurement requirements, to arrange for the acquisition of the Equipment. <br /> <br />3. The City proposes to enter into the Agreement with the Bank substantially in the form attached <br />to this resolution. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />P ART 1. ~t; <; hereby found and determined that the terms of the Agreement in the form presented <br />to this meeting and ~.tached to this resolution are in the best interests of the City for the acquisition of the <br />Equipment. <br /> <br />PART 2. The Agreement is approved, and the City Manager is authorized to execute, acknowledge <br />and deliver the Agreement with any changes, insertions and omissions therein as may be approved by the <br />City Manager, such approval to be conclusively evidenced by such execution and delivery of the Agreement, <br />and the City S(~cretary is authorized to affix the official seal of the City and attest to the Agreement. <br /> <br />PART 3. The proper officers of the City are authorized and directed to execute and deliver any and <br />all papers, instruments, opinions, certificates, affidavits and other documents and to do or cause to be done <br />any and all other acts and things necessary or proper for carrying out this resolution and the Agreement. <br /> <br />PART 4. The City's obligations under the Agreement shall be subjectto annual appropriation by the <br />City Council, and shall not constitute a general obligation ofthe City or an indebtedness under the laws of <br />the State of Texas. <br /> <br />PART 5.' City hereby designates the Agreement as a "qualified tax-exempt obligation" within <br />the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. The face amount of <br />all tax-exempt obligations to be issued by the City during calendar year 2000 is not reasonably anticipated <br />to exceed $10,000,000. <br /> <br />PART 6. This Resolution shall be in full force and effect from and after its passage. <br /> <br />ADOPTED on March 27, 2000 <br /> <br />QM~ <br /> <br />Ed Mihalkanin <br />Mayor Pro-Tempore <br /> <br />Attf<l~t:, i <br />("...'U ,....'.. / <br />~ /t . ~j . /1 // <br />..,/ II .0 l'l A:JI~ ,)\ <br />/1 \-/\/''-'..., - \./;-}, <br /> <br />Janis K. Womack . <br />City Secretary <br /> <br />