AGENDA CAPTION:
Title
Consider approval of Resolution 2019-59R, approving an addendum to the Master Lease-Purchase Financing Agreement with US Bancorp Government Leasing and Finance Inc. to add two Chevrolet one-half ton crew cab trucks for the Fire Prevention Division of the San Marcos Fire Department as vehicles to be financed under the Agreement in the amount of $71,215.90, inclusive of interest, for a three-year term; authorizing the City Manager or his designee to execute all appropriate documents associated with this transaction; and declaring an effective date.
Body
Meeting date: April 2, 2019
Department: Fire Department...Chief Les Stephens (By Lynda Williams, Purchasing Manager)
Amount & Source of Funding
Funds Required: $71,215.90 FY20, 21, 22
Account Number: CAPF.GENERALC.VEHICLE.FIRE
Funds Available: Appropriated in future budget
Account Name: Capital Outlay
Fiscal Note:
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Background Information:
The Fire Department requires the purchase of two Chevrolet 1/2 ton crew cab trucks for two new Fire Prevention positions . This purchase is being made from Caldwell Country, Caldwell, Texas in the amount of $66,890.00, through the BuyBoard Cooperative Contract #521-16.
The City received financing proposals and the best interest rate was from U.S. Bancorp Government Leasing ...
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