HomeMy WebLinkAboutResolution No. 2020-11 RESOLUTION NO. R2020-11
A RESOLUTION OF THE CITY OF FRIENDSWOOD,
TEXAS, GALVESTON/HARRIS COUNTIES, APPROVING
A CHANGE IN THE CAPITAL LEASE AGREEMENT
PROJECT AND EQUIPMENT DESCRIPTION.
* * * * * * * * * *
WHEREAS, the City of Friendswood, Texas (the "City") has determined to change the
terms of the project and equipment description as defined in that Lease Agreement(the "Original
Agreement") by and between the City and Truist Bank ("Truist" formerly Banking Branch &
Trust)dated as of December 20, 2019; and
WHEREAS, the changes to the terms of the project and equipment description include
amending the collateral to remove the one-ton dump truck, and to add a Tool CAT loader.
NOW, THEREFORE BE IT RESOLVED by the governing body of the City of
Friendswood, Texas that the proposed changes to the project and equipment description of the
Original Agreement are hereby approved and the officers designated to sign financing documents
are hereby authorized and directed to take such action as may be necessary to effectuate such
changes. All other terms and conditions of the Original Agreement and the project and equipment
description thereof remain in full force and effect.
Passed, approved and adopted • 's 6th day of April,2020.
LiAll Li.e.1
Mike F•
•' FRIVP°
Attest: ••'0F • ,OS •
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Melinda Welsh, TRMC • •
City Secretary • •
••9TF OF TE�e'•.