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RESOLUTION NO. 2019-15R <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 SANTANDER <br /> BANK, N.A. THAT ADDS A DUMP TRUCK, STREET SWEEPER, <br /> COMPACT TRACK LOADER WITH MULCHER, AND TRAILER FOR <br /> USE BY THE PUBLIC SERVICES,DRAINAGE DIVISION AS VEHICLES <br /> AND EQUIPMENT TO BE FINANCED UNDER THE AGREEMENT IN <br /> THE AMOUNT OF$564,871.15,INCLUSIVE OF INTEREST, FOR A FIVE <br /> YEAR TERM; AUTHORIZING THE CITY MANAGER OR HIS <br /> DESIGNEE TO EXECUTE ALL APPROPRIATE DOCUMENTS <br /> ASSOCIATED WITH THIS TRANSACTION; AND DECLARING AN <br /> EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The Addendum to Master Lease Purchase Financing Agreement (the <br /> "Addendum") with Santander, Bank, N.A. adding a dump truck, street sweeper, compact track <br /> loader with mulcher, and trailer as vehicles and equipment to be financed under the agreement in <br /> the amount of$564,871.15, inclusive of interest, for a five year term is approved. <br /> PART 2. The City Manager, or his designee, is authorized to execute the 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 January 29, 2019. <br /> IrOzb-t-A <br /> Jane Hughson <br /> Mayor <br /> Attest <br /> Jamie ee Case <br /> ity Clerk <br />