Central Ohio Technical College Awards Facilities Contract to City of Mount Vernon (June 2025)
Central Ohio Technical CollegeHigher Ed · Newark, OH- Disclosed value
- First-year rent $40,208.00, increasing 10% every 5 years thereafter (for the 99-year lease back to COTC)
- From minutes
- Approved
- Jun 20, 2025
The 30-second brief
COTC and the City of Mount Vernon will execute a 99-year lease securing COTC’s continued use of Ariel Hall’s second floor, with initial annual rent of $40,208.00 beginning after the 12-year lease-to-purchase term. The City will assume long-term maintenance obligations for the entire facility while COTC retains substantial occupancy rights.
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: 99-year lease for COTC’s use of the second floor, with automatic option to renew; COTC may terminate at any time with 6 months’ written notice.
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Contract details
- Contract type
- Facilities
- Amount
- First-year rent $40,208.00, increasing 10% every 5 years thereafter (for the 99-year lease back to COTC)
- Document date
- June 20, 2025
- Term
- 99-year lease for COTC’s use of the second floor, with automatic option to renew; COTC may terminate at any time with 6 months’ written notice
- Vendor
- City of Mount Vernon
- Source document
- cotc_board_of_trustees_minutes_june_2025.pdf (Minutes)
City of Mount Vernon's other public contracts
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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 First-year rent $40,208.00, increasing 10% every 5 years thereafter (for the 99-year lease back to COTC).
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 First-year rent $40,208.00, increasing 10% every 5 years thereafter (for the 99-year lease back to COTC), 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.