Newton Falls City Council Regular Meeting Agenda 2026-05-20
City Plans Lease-Purchase of New Police SUV
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Description
Newton Falls plans to lease‑purchase a 2026 Ford Utility Interceptor with a full police package from Statewide Ford for up to $61,833, paid over four annual installments of $17,885.06. The vehicle will be acquired through the State of Ohio’s cooperative purchasing program under Ordinance 2026-25.
Contract Details
Contract Amount
Not to exceed $61,833.00; annual lease/purchase payment of $17,885.06 for 4 years (total lease cash flow $71,540.24)
Vendor
STATWIDE FORD
Agency
Town of Newton, OH
Contract Type
EQUIPMENT
Document Date
May 20, 2026
Contract Term
Four-year lease/purchase from 02/04/2026 to 02/04/2029
Renewal Date
2029-02-04
Renewal Info
Four‑year lease/purchase with no stated renewal; final payment and any residual are due by 02/04/2029.
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