City approves MTECH street sweeper purchase and financing
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Description
Hilliard City Council approved a purchase agreement with MTECH Company for a new Global M3 street sweeper acquired through the Sourcewell cooperative program. The $242,189 unit will replace an older sweeper via a $75,000 trade-in, with total financed payments capped at $278,679.20 over a five‑year lease-purchase term beginning in 2027.
Contract Details
Contract Amount
$242,189.00 (equipment price) plus financing totaling $278,679.20 over five years
Vendor
MTECH COMPANY
Agency
City of Hilliard city, OH
Contract Type
EQUIPMENT
Document Date
April 27, 2026
Contract Term
Five-year lease-purchase term starting with first payment due March 2027
Renewal Date
2031-03-31
Renewal Info
Five-year lease-purchase arrangement; payments of $55,735.84 will be appropriated annually in the 2027–2031 budgets under CIP F‑1 Heavy Equipment. Ownership is expected to transfer to the City at the end of the lease term.
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