EQUIPMENTAPPROVED

City of Norwood Awards Equipment Contract to Home Trust Bank (March 2026)

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.

Status
APPROVED
Document date
March 24, 2026
Contract type
EQUIPMENT
Vendor
Home Trust Bank
Agency
City of Norwood · OH

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $800,000.00
Contract type
EQUIPMENT
Contract term
2 or 3 years (annual payments)
Renewal date
2028-02-19
Renewal
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.
Document type
Agenda
Source document
Norwood City Council Meeting Agenda March 24, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the equipment contract by City of Norwood?

Home Trust Bank was awarded this equipment contract by City of Norwood, as recorded on March 24, 2026. The contract value is Not to exceed $800,000.00.

How much is the Home Trust Bank contract with City of Norwood worth?

The Home Trust Bank contract with City of Norwood is valued at Not to exceed $800,000.00, covering equipment work.

What type of contract is this?

This is a Equipment contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Norwood City Council Meeting Agenda March 24, 2026 (Agenda), dated March 24, 2026 from City of Norwood. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Home Trust Bank hold?

Home Trust Bank 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 Home Trust Bank's profile

What is City of Norwood currently buying?

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

View City of Norwood's profile

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