Finance Committee Meeting 10-26-26

The Medina, Ohio Finance Committee meeting on October 26, 2026, considered budget amendments and several project and purchasing items. The committee approved an airport runway fund advance, described as expected to be repaid mostly by the FAA, and a 10-year extension to Flight Services of Medina’s airport lease so the city can receive the operator-built hangars at the end of the extended term. It also approved 2027 city-phone funding and a blanket purchase order for Technology Engineering Group’s supported IT services. For infrastructure, members authorized bidding the railroad improvement project, approved a $20,000 increase to the concrete street repair program, and approved an easement valuation item and a county agreement for sanitary work associated with East Smith Road Reconstruction; the sanitary work was estimated at about $479,000, with the county responsible for those costs.

The committee approved job-creation grant agreements for Falcon Industries, which plans a $4.37 million facility addition, and Spray Products Corporation, which plans a $7 million investment and 32 new full-time positions; Spray Products may receive a grant of up to 40% of new payroll taxes for five years. The committee also approved a 2026 bulletproof-vest grant application covering 50% of costs, or $10,450, an amendment allowing police school resource officers to join a professional association, and the purchase of two 2027 police interceptors for $120,267.60. Motions on the listed items carried, with opposition recorded on some votes. After an executive session concerning disputes involving pending or imminent court action, the committee reconvened and took no action on matters discussed there.