Newton Falls City Council Regular Meeting Agenda May 6, 2026
Transmission assets sale to AMP Transmission amended
Trusted by teams at
Description
Newton Falls Council approved emergency Ordinance 2026-19, later amended by Ordinance 2026-23, authorizing the sale of municipal transmission lines and related assets to AMP Transmission, LLC and execution of an asset purchase and sale agreement, operations and maintenance agreement, ground lease, and easements. The amended ordinance sets a total payment of $2,733,245 to the village, including asset sale, lease, and easement consideration.
Contract Details
Contract Amount
$2,733,245.00
Vendor
AMP TRANSMISSION LLC
Agency
Newton Falls village, OH
Contract Type
FACILITIES
Document Date
May 6, 2026
Contract Term
One-time asset sale; ground lease with lump sum payment
Renewal Info
Transaction includes a one-time asset sale, a ground lease with a lump sum lease payment, and an operations and maintenance services agreement; specific lease term and O&M duration are set in attached agreements not provided here. Ordinance 2026-23 amends financial terms but leaves other provisions of Ordinance 2026-19 in force.
More from AMP TRANSMISSION LLC
Related Contracts
City of Oberlin Council Meeting Agenda May 2026
APPROVEDCity of Oberlin Council Meeting Agenda May 4, 2026
PENDINGNewton Falls City Council Special Meeting Agenda April 2026
PENDINGCity of Oberlin City Council Meeting Agenda April 20, 2026
RECOMMENDEDCity of Oberlin City Council Meeting Agenda April 2026
APPROVEDMore from Newton Falls village
Newton Falls City Council Regular Meeting Agenda May 6, 2026
Newton Falls City Council Regular Meeting Agenda May 6, 2026
Newton Falls City Council Regular Meeting Agenda May 6, 2026
Newton Falls City Council Regular Meeting Agenda May 6, 2026
Newton Falls City Council Special Meeting Agenda April 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.