City of Huron Council Meeting Agenda April 28, 2026
Huron approves lease-purchase of new police cruisers
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Description
The City of Huron Council authorized a three-year lease-purchase agreement with Statewide Emergency Products, LLC dba Statewide Municipal Leasing for two 2026 Ford Explorer police cruisers, in an amount not to exceed $127,326.00. Payments will be made annually over three years, after which the city will assume ownership of the vehicles for a nominal residual.
Contract Details
Contract Amount
$127,326.00 (three annual payments of $46,346.36 plus $0.99 residual; not to exceed $127,326.00)
Vendor
STATEWIDE EMERGENCY PRODUCTS LLC DBA STATEWIDE MUNICIPAL LEASING
Agency
Town of Huron, OH
Contract Type
EQUIPMENT
Document Date
April 28, 2026
Contract Term
Three (3) year lease-purchase from 2026-04-14 to 2028-04-14
Renewal Date
2028-04-14
Renewal Info
Fixed three-year lease-purchase with no renewal; ownership transfers to the City of Huron for $0.99 after the final payment on or about 2028-04-14.
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