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RESOLUTION 2017-89R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A VEHICLE TITLING ADDENDUM <br />WHICH AMENDS THE LEASE -PURCHASE AGREEMENT BETWEEN <br />THE CITY AND U.S. BANCORP GOVERNMENT LEASING AND <br />FINANCE, INC., TO ADD THE LEASE -PURCHASE OF A 12 -YARD <br />DUMP TRUCK FOR THE PUBLIC SERVICES DEPARTMENT - <br />TRANSPORTATION DIVISION IN THE TOTAL AMOUNT OF <br />$139,374.34 INCLUSIVE OF FINANCING COSTS; AUTHORIZING THE <br />INTERIM CITY MANAGER OR HIS DESIGNEE TO EXECUTE ALL <br />APPROPRIATE DOCUMENTS ASSOCIATED WITH THIS <br />TRANSACTION; AND DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. On March 15, 2016 the City approved a Master Lease -Purchase Agreement with <br />Bancorp Government Leasing and Finance, Inc. (the "Agreement") for the lease -purchase of a <br />Truck Mounted Gradall Excavator. <br />2. The Agreement was amended on April 19, 2016 in order to procure eighteen (18) <br />Ford Interceptor Utility Vehicles for the Police Department. <br />3. It is necessary to amend the Agreement once more in order to procure a 12 -yard dump <br />truck in the total amount of $139,374.34 inclusive of financing costs. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Vehicle Titling Addendum which amends the Master Lease <br />Purchase Agreement between the City of San Marcos and U.S. Bancorp Government Leasing and <br />Finance, Inc., in the total amount of $139,374.34, inclusive of financing costs is approved. <br />PART 2. The Interim City Manager or his designee is authorized to execute all <br />appropriate 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 its <br />passage. <br />ADOPTED this the 6th day of June, 2017. <br />1 <br />