Laserfiche WebLink
RESOLUTION 2013 -26R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A LEASE PURCHASE AGREEMENT <br />WITH SOVEREIGN BANK, N.A. IN THE AMOUNT OF $3029883.39 IN <br />FINANCING FOR THE PURCHASE OF A 544K LOADER AND A <br />PNEUMATIC ROLLER FOR THE PUBLIC WORKS DEPARTMENT, <br />STREETS DIVISION; AUTHORIZING THE CITY MANAGER OR HIS <br />DESIGNEE TO EXECUTE THIS LEASE PURCHASE AGREEMENT ON <br />BEHALF OF THE CITY AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Lease Purchase Agreement (the "Agreement ") between the <br />City and Sovereign Bank, N.A. in the amount of $302,883.39 in financing for the purchase of a <br />544K Loader and a Pneumatic Roller for the Public Works Department, Street Division is <br />approved. <br />PART 2. The City Manager or his designee is authorized to execute the Agreement <br />on behalf of the City. <br />PART 3. This Resolution will be in full force and effect immediately from and after <br />its passage. <br />ADOPTED this the 19th day of February, 2013. <br />Da 1 Guerrer <br />Mayor <br />Attest: <br />Jamie ee Pettijo <br />City Cl rk <br />