City of Ashland Awards Construction Contract to Ritola Inc (July 2026)

Scope & details

The full contract record, as filed.

Contract amount

$506,258 total project costs; $329,068 principal forgiveness; $177,190 financed at 1.419% over 20 years

Contract type

CONSTRUCTION

Contract term

Debt amortized over 20 years; principal payments from May 1, 2027 through May 1, 2046

Renewal date

2046-05-01

Renewal

Financing of this completed construction contract is via a 20‑year Clean Water Fund Program loan with partial principal forgiveness; no renewal or extension of the construction contract is indicated.

Document type

AgendaPacket

Source document

City of Ashland Agenda Packet 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Ashland?

Ritola Inc was awarded this construction contract by City of Ashland, as recorded on July 14, 2026. The contract value is $506,258 total project costs; $329,068 principal forgiveness; $177,190 financed at 1.419% over 20 years.

How much is the Ritola Inc contract with City of Ashland worth?

The Ritola Inc contract with City of Ashland is valued at $506,258 total project costs; $329,068 principal forgiveness; $177,190 financed at 1.419% over 20 years, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Ashland Agenda Packet 2026-07-14 (AgendaPacket), dated July 14, 2026 from City of Ashland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ritola Inc hold?

Ritola Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Ritola Inc's profile

What is City of Ashland currently buying?

Explore City of Ashland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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