Item 13: Addendum to Master Lease-Purchase Financing Agreement to Add an Excavator to Utilities


Staff member
Consider approval of Resolution 2021-115R, approving an addendum to the Master Lease-Purchase Financing Agreement with U.S. Bancorp Government Leasing and Finance, Inc. that adds a Combination Truck (Excavator) for use by the Water/Wastewater Division of the Utilities Department to be financed under the agreement in the amount of $333,146.20, inclusive of interest, for a seven-year term; authorizing the City Manager or his designee to execute all appropriate documents associated with this transaction; and declaring effective date.