Norwood City Council Meeting Agenda March 24, 2026
Norwood Approves $800,000 Lease for 2017 Fire Truck
Trusted by teams at
Description
The Norwood City Council approved entering a lease purchase agreement with Home Trust Bank for a 2017 Pierce ladder fire truck with a not-to-exceed amount of $800,000. The fire truck will be financed over 2 or 3 years as part of the city's 2026 Financial Recovery Plan.
Contract Details
Contract Amount
Not to exceed $800,000.00
Vendor
HOME TRUST BANK
Agency
City of Norwood, OH
Contract Type
EQUIPMENT
Document Date
March 24, 2026
Contract Term
2 or 3 years (annual payments)
Renewal Date
2028-02-19
Renewal Info
Lease payments offered as either two or three annual payments; terms expire upon final payment in 2028 or 2029. Up to $800,000 at 4.37% APR. Legal title remains with the city during the lease.
More from HOME TRUST BANK
Related Contracts
Town of Unionville Special Strategic Planning and Budget Retreat Meeting Minutes 2026-04-27
PENDINGNorwood City Council Meeting Agenda April 14 2026
AMENDEDNorwood City Council Meeting Agenda March 2026
PENDINGSurry County Board of Commissioners Meeting Minutes March 2026
APPROVEDNorwood City Council Meeting Agenda February 24 2026
PENDINGMore from City of Norwood
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.