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Board approves $2.8 million lease to fund Jack Memorial energy-efficiency project
Summary
The board unanimously approved a lease to finance a $2,805,605 energy-efficiency project at Jack Memorial, accepting a 4.96% proposal from Capital One after suspending the usual reading rules because the project is time-sensitive.
The Regional School Unit MS 86 Board of Education on a unanimous vote approved a lease to finance an energy-efficiency project at Jack Memorial that district staff said costs $2,805,605. The board suspended its normal reading rules so it could act at the meeting.
The superintendent introduced the item and the board heard the financial details from district staff. "The leasing is for the, what we've been calling the EEI project, at…
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