Lebanon schools approve $11.5 million guaranteed-energy-savings project with long-term maintenance escrow

The Lebanon Community School Corporation on Aug. 19 approved a districtwide guaranteed energy savings project that officials say will reduce operations costs over time by installing building controls, rooftop solar and natural-gas microturbines. Assistant Superintendent for Business and Operations Mr. Dennis presented the project and sought board approval for the construction manager and the vendor who will execute the work.

District officials said the construction and equipment contract for the energy conservation measures is $11,501,006.74 and that the district will also set aside $896,148 in escrow to pre-fund years 6 through 20 of maintenance and service. “The cost of these energy conservation measures, $11,501,006.74,” Mr. Dennis said during the meeting. He told the board the project includes virtual energy management…