Central Ohio Technical College Awards Facilities Contract to City of Mount Vernon (June 2025)
Central Ohio Technical CollegeHigher Ed · Newark, OH- Disclosed value
- $3,879,978.00 total, divided into 12 equal annual payments of $323,331.50; base purchase price $3,034,490.00
- From minutes
- Approved
- Jun 20, 2025
The 30-second brief
Central Ohio Technical College’s Board of Trustees authorized a 12-year lease-to-purchase structure with the City of Mount Vernon for Ariel Hall, with total lease payments of $3,879,978.00 based on a $3,034,490.00 purchase price. The agreement includes a 99-year lease for COTC’s continued use of the building’s second floor, shared-use provisions, and defined maintenance responsibilities.
City of Mount Vernon holds this facilities contract with Central Ohio Technical College. Its other public contracts on record include work for Skagit MPO and City of Anacortes.
Term as filed: 12-year lease term with purchase option at end of term.
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Contract details
- Contract type
- Facilities
- Amount
- $3,879,978.00 total, divided into 12 equal annual payments of $323,331.50; base purchase price $3,034,490.00
- Document date
- June 20, 2025
- Term
- 12-year lease term with purchase option at end of term
- Vendor
- City of Mount Vernon
- Source document
- cotc_board_of_trustees_minutes_june_2025.pdf (Minutes)
City of Mount Vernon's other public contracts
More Central Ohio Technical College contracts
Questions about this contract
Who was awarded the facilities contract by Central Ohio Technical College?
City of Mount Vernon was awarded this facilities contract by Central Ohio Technical College, as recorded on June 20, 2025. The contract value is $3,879,978.00 total, divided into 12 equal annual payments of $323,331.50; base purchase price $3,034,490.00.
How much is the City of Mount Vernon contract with Central Ohio Technical College worth?
The City of Mount Vernon contract with Central Ohio Technical College is valued at $3,879,978.00 total, divided into 12 equal annual payments of $323,331.50; base purchase price $3,034,490.00, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in cotc_board_of_trustees_minutes_june_2025.pdf (Minutes), dated June 20, 2025 from Central Ohio Technical College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does City of Mount Vernon hold?
City of Mount Vernon may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Central Ohio Technical College currently buying?
Explore Central Ohio Technical College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.