City of Solon Finance Committee Agenda 2026-06-15
Solon Approves Master Lease Agreement with Key Government Finance
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Description
The City of Solon approved a Master Tax-Exempt Lease/Purchase Agreement with Key Government Finance, Inc. to facilitate future vehicle, equipment, and technology acquisitions through tax-exempt lease financing. The agreement provides a flexible financing framework, with actual costs and terms determined as specific purchases arise.
Contract Details
Vendor
KEY GOVERNMENT FINANCE INC
Agency
City of Solon, OH
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
Each property schedule will establish its own lease term; master agreement dated June 26, 2026
Renewal Info
Each property schedule under the master agreement will establish its own term and renewal/amendment options. No auto-renewals unless specified in future property schedules.
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