City of Albion Council Regular Meeting Agenda 2026-05-18
Albion Purchases Sewer Camera System From MTECH
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Description
Albion approved purchasing a Cues storm and sanitary sewer camera system from MTECH for $253,908.00. The new inspection equipment will be financed over 5–7 years with a guaranteed buyback option.
Contract Details
Contract Amount
$253,908.00
Vendor
MTECH
Agency
City of Albion, MI
Contract Type
EQUIPMENT
Document Date
May 18, 2026
Contract Term
to be financed over 5–7 years at 4.77%–4.87% interest; first payment due May 2027
Renewal Info
Equipment purchase includes guaranteed buyback ranging from 25% at 5 years to 15% at 7 years if the City opts to return the unit.
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