Walnut Township Board of Trustees Regular Meeting Minutes 2026-02-18
Lease-purchase agreement for Station 632 approved
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Description
The Walnut Township Board of Trustees approved Resolution 11-2026 to enter into a lease-purchase agreement with Millersport Volunteer Fire Company, Inc. for Station 632. The agreement modifies prior language by removing a $1.00 repurchase clause and granting the fire company a right of first refusal at lease end.
Contract Details
Vendor
MILLERSPORT VOLUNTEER FIRE COMPANY INC
Agency
Town of Walnut, OH
Contract Type
FACILITIES
Document Date
February 18, 2026
Renewal Info
Lease-purchase agreement includes a right of first refusal for the fire company at the end of the lease term instead of a fixed $1.00 buyback option. Specific term length and renewal options were not stated in the minutes.
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