City of Hilliard Council Agenda April 27 2026
Hilliard enters five-year financing for street sweeper
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Description
Council authorized a five‑year financing agreement with Republic First National to fund the City’s new street sweeper purchase. The lease-purchase structure provides annual payments of $55,735.84 starting in 2027, with total payments capped at $278,679.20.
Contract Details
Contract Amount
Not to exceed $278,679.20 over five years ($55,735.84 annually)
Vendor
REPUBLIC FIRST NATIONAL
Agency
City of Hilliard city, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
Five-year financing term starting in 2027, first payment due March 2027
Renewal Date
2031-03-31
Renewal Info
Single five-year lease-purchase financing term; no renewals described. Payments budgeted annually from 2027 through 2031.
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