Urbana City Council Minutes 2026-05-05
City Approves $3M Purchase of White's Ford Property
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Description
Urbana City Council approved a Board of Control recommendation to authorize the Director of Administration to finalize a $3,000,000 contract to purchase the former White's Ford property for a new Public Works facility. The acquisition will be financed over 15 annual payments and bundled with fire apparatus financing to reduce debt issuance costs.
Contract Details
Contract Amount
$3,000,000 (15 estimated annual payments of $270,161)
Vendor
WHITE'S FORD
Agency
City of Urbana city, OH
Contract Type
FACILITIES
Document Date
May 5, 2026
Contract Term
15 estimated annual payments
Renewal Info
One-time property purchase financed over 15 annual payments; no renewal provisions indicated.
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