FINANCIAL_SERVICESPENDING

Huntington Bank to Finance Golf Equipment Lease

Parma intends to finance the lease-purchase of a $144,230.49 Kubota spray rig for Ridgewood Golf Club/Event Center through Huntington National Bank, with payments set by an attached amortization schedule and a lease rate not exceeding 8%. The ordinance authorizes this financing arrangement upon approval.

Status
PENDING
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Huntington National Bank
Agency
Parma Public Housing Agency · OH

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Financing of $144,230.49 equipment purchase (amount before interest)
Contract type
FINANCIAL_SERVICES
Renewal
Lease rate capped at 8%; detailed term and maturity in Exhibit B amortization schedule, which may include renewal or buyout options not stated in the ordinance text.
Document type
Agenda
Source document
City of Parma Agenda 2026-07-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Parma Public Housing Agency?

Huntington National Bank was awarded this financial services contract by Parma Public Housing Agency, as recorded on July 6, 2026. The contract value is Financing of $144,230.49 equipment purchase (amount before interest).

How much is the Huntington National Bank contract with Parma Public Housing Agency worth?

The Huntington National Bank contract with Parma Public Housing Agency is valued at Financing of $144,230.49 equipment purchase (amount before interest), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Parma Agenda 2026-07-06 (Agenda), dated July 6, 2026 from Parma Public Housing Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Huntington National Bank hold?

Huntington National Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Huntington National Bank's profile

What is Parma Public Housing Agency currently buying?

Explore Parma Public Housing Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Parma Public Housing Agency's profile

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