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District says $25 million energy performance contract is on track; financing bids come in below earlier assumptions
Summary
Officials said the district’s energy performance contract — including solar at six schools and fuel cells at the high school — has financing proposals between about 4.0% and 4.63%, below the earlier 4.75% assumption; town approvals are in place and grant and tax‑credit filings are next.
Cheshire school officials told the board the district’s proposed $25 million energy performance contract is progressing and that financing proposals came in below prior assumptions, creating potential additional cash flow for other projects.
Vin Masiana, chief project officer, said the district received five financing proposals that ranged “from about 4% to 4.63%,” beating an earlier 4.75%…
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