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Board approves bus lease and $5.2M LED energy project tied to roofing repairs
Summary
The Liberty Public Schools board approved a five-year lease to acquire 15 buses and a master lease to fund an energy-savings LED upgrade (phase 1) that will be paired with roof repairs at two schools; the board also authorized financial and underwriting engagements to complete the transactions.
Liberty Public Schools on July 22 approved a package of lease-purchase agreements that funds 15 replacement buses and an energy-savings project that includes LED upgrades and roofing repairs. The board voted unanimously to approve a state municipal lease-purchase agreement with Clayton Holdings LLC to finance 15 buses, and a master equipment lease-purchase agreement with Bank of America Public Capital Corp. that will fund Schneider Electric’s guaranteed energy performance (ESCO) work. The board also approved an engagement letter with Piper Sandler to provide underwriting and financing services. School operations staff said the bus purchase is roughly $2.5…
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