Finance Committee for 6/8/2026

The City of Troy, Ohio Finance Committee met on June 8, 2026, to discuss three key procurement-related matters. First, they reviewed a recommendation to authorize the Director of Public Service and Safety to advertise for bids and enter into a multi-year contract with an internet telephone provider for all city facilities, with a cost not to exceed $180,000 annually. The contract would be for up to three years with possible extensions, focusing on fiber-based voice over internet service. The committee discussed bid competitiveness, infrastructure requirements, and vendor considerations. Second, the committee considered authorizing the city auditor to solicit bids for a new depository agreement, a process required every five years, allowing flexibility to select from multiple financial institutions based on rates and terms. Lastly, the committee reviewed emergency legislation related to a capital improvement project on Experiment Farm Road, involving a city funding share of approximately $189,389 for paving work coordinated with the Ohio Department of Transportation. The committee unanimously recommended moving forward with the emergency designation for this project.