City of Amherst Finance Committee Meeting Minutes April 2024
City Plans 5-Year Lease-to-Own for Fire Pumper
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Description
The Amherst Finance Committee endorsed an emergency resolution allowing the Mayor to enter into a five-year lease-to-own agreement with Freedom Financial to finance a previously approved pumper truck for the Fire Department. This shifts the acquisition from an all-cash purchase to a financed payment structure with a state-approved vendor.
Contract Details
Vendor
FREEDOM FINANCIAL
Agency
Town of Amherst, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
5 years
Renewal Info
Five-year lease-to-own structure; no explicit renewal or extension options were mentioned in the minutes.
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