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RESOLUTION NO. 2023-68R <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 A 2023 <br /> JOHN DEER 210P TRACK HOE, PETERBILT 548 DUMP TRUCK, <br /> GENERAL XP ULTIMATE POLARIS, FT-604LP TRAILER 3 AXLE <br /> HAUL TRAILER,AND 2023 JOHN DEERE 325G SKID STEER FOR THE <br /> UTILITIES DEPARTMENT AS EQUIPMENT TO BE FINANCED UNDER <br /> THE AGREEMENT IN THE AMOUNT OF $829,198.72, INCLUSIVE OF <br /> INTEREST FOR A SEVEN-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 a 2023 John Deere <br /> 210P Track Hoe, Peterbilt 548 Dump Truck, General XP Ultimate Polaris, FT-604LP Trailer 3 <br /> Axle Haul Trailer, and 2023 John Deere 325G Skid Steer for the Utilities Department as <br /> Equipment to be financed under the Agreement in the amount of$829,198.72, inclusive of interest, <br /> for a seven-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 4, 2023. <br /> Jane Hughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />