Norwood City Council Meeting Agenda April 14 2026
Norwood amends Home Trust Bank fire truck lease
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Description
Norwood City Council amended its prior ordinance authorizing a lease-purchase agreement with Home Trust Bank for a 2017 Pierce ladder fire truck and passed the amendment under emergency procedure. The change updates financing terms on the existing lease-purchase arrangement, which officials report will generate substantial savings for the City.
Contract Details
Vendor
HOME TRUST BANK
Agency
City of Norwood, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Renewal Info
Ordinance explicitly amends Ordinance 4-2026 governing the lease-purchase contract; underlying lease term remains in force but with revised conditions. No separate renewal date is stated.
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