City of Huron Council Meeting Agenda April 2026
Huron approves lease-purchase of two police cruisers
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Description
Huron City Council authorized a three-year lease-purchase agreement with Statewide Emergency Products, LLC dba Statewide Municipal Leasing for two new 2026 Ford Explorer police cruisers in an amount not to exceed $127,326.00. The lease will be paid in three annual installments and ownership will transfer to the City at the end of the term 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) years, from approximately April 14, 2026 to April 14, 2028
Renewal Date
2028-04-14
Renewal Info
Three-year fixed-term lease-purchase ending with vehicle ownership transfer upon payment of a $0.99 residual; no renewals referenced.
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