City of Galion Council Regular Meeting Agenda January 2026
Galion Considers Police SUV Lease with Reineke Ford Lincoln
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Description
The City of Galion is considering approval to purchase and finance three 2026 Police Interceptor Vehicles from Reineke Ford Lincoln under a municipal lease, totaling $133,989. The arrangement features 3 annual payments at a rate of 7.64% for police fleet renewal.
Contract Details
Contract Amount
$133,989.00 (total asset cost); $134,534.00 (amount financed); $48,183.70 annual payment
Vendor
REINEKE FORD LINCOLN
Agency
City of Galion city, OH
Contract Type
EQUIPMENT
Document Date
January 27, 2026
Contract Term
3 annual payments; likely 3 years; rate: 7.64%
Renewal Date
2029-01-27
Renewal Info
No renewal or extension terms indicated in agenda or ordinance text.
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