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Res 2013-026/Lease purchase agreement for a 544K Loader and a Pneumatic Roller for Streets Division
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Res 2013-026/Lease purchase agreement for a 544K Loader and a Pneumatic Roller for Streets Division
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Last modified
5/23/2014 10:25:00 AM
Creation date
2/21/2013 3:06:59 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
2013-26
Date
2/19/2013
Volume Book
196
Document Relationships
2014
(Attachment)
Path:
\City Clerk\03 Resolutions\2010's
Res 2014-068/Addition to the Master Lease Agreement with Santandar Bank for the purchase/lease of a mini-excavator
(Message)
Path:
\City Clerk\03 Resolutions\2010's\2014
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Schedule No. 000 of Lease Agreement <br />EXHIBIT G <br />AGREEMENT TO PROVIDE INSURANCE <br />Lessee: City of San Marcos Lessor: Sovereign Bank, N.A. <br />Address: 630 East Hopkins Address: 3 Huntington Quadrangle, Suite 101 N <br />San Marcos, TX 78666 Melville, NY 11747 <br />Phone: 512- 393 -8181 Phone: 631 - 531 -0600 <br />Description of Equipment: (1) 2013 John Deere 544K 4WD Loader <br />(1) 2013 Hamm Compaction GRW 280 —15, Pneumatic Roller,15 Ton <br />I understand that to provide protection from serious financial loss, should an accident or loss occur, my lease <br />contract requires the equipment to be continuously covered with insurance against the risks of fire and theft, and <br />that failure to provide such insurance gives the Lessor the right to declare the entire unpaid balance immediately <br />due and payable. Accordingly, I have arranged for the required insurance through the insurance company shown <br />below and have requested my agent to note Lessor's interest in the equipment and name Lessor as additional <br />insured. <br />NAME OF AGENT <br />Name: Jay Waddell <br />Address: P.O. Box 149194 <br />Austin, Texas 78714 -9194 <br />Phone: 512 - 491 -2300 or 800 - 537 -6655 <br />Lessee: jijy of §pn Marcos <br />BY: 1 <br />TITLE: Assistant City Manager <br />DATE: <br />INSURANCE COMPANY <br />Name: Texas Municipal League Intergovernmental Risk Pool <br />Policy #: 8475 <br />G -1 <br />
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