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Trenton approves Verigee energy performance agreement and $10.5 million lease financing proposal
Summary
The Trenton City Council unanimously approved a design-build performance agreement with Verigee LLC to install solar and energy-efficiency upgrades across multiple city facilities and accepted a $10.5 million tax-exempt lease purchase financing proposal from Bank of America to fund the project.
Trenton — The Trenton City Council on Sept. 2 unanimously approved a design-build performance agreement with Verigee LLC to install solar arrays and energy-efficiency upgrades at city facilities and accepted a $10.5 million tax-exempt lease purchase financing proposal from Bank of America. The project covers upgrades at Kennedy Recreation Center, Westfield Community Center, Veterans Memorial Library and the wastewater treatment plant and is structured so guaranteed energy savings will cover annual lease payments,…
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