City of Shaker Heights Council Agenda April 27, 2026
Huntington to finance new Elgin street sweeper
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Description
Council authorized a tax-exempt municipal lease with Huntington Public Capital Corporation to finance a new Elgin street sweeper for approximately $362,408 at a 4.09% interest rate. The lease allows Public Works to replace an overage sweeper while spreading payments over time.
Contract Details
Contract Amount
$362,408 (equipment price, including ~$7,000 discount and $25,000 trade-in); financed via lease at 4.09%
Vendor
HUNTINGTON PUBLIC CAPITAL CORPORATION
Agency
City of Shaker Heights, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
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