Board votes to continue using Invenergy payments for facility projects through remaining term
Summary
The Cannon Falls board confirmed it will continue allocating recurring Invenergy payments to facility needs (about $150,000 annually); trustees noted the payments will cease after fiscal 2027 or 2028 and asked administration to estimate future county tax‑roll impacts.
The Cannon Falls School Board voted to continue using recurring payments from Invenergy for facility projects and capital needs in the district, a practice the board said began after earlier project obligations (elementary roof) were paid.
Administration described the funds as a long‑running negotiated payment from Invenergy that originally helped pay for an elementary roof and later was repurposed for facility needs. The payments have ranged upward over time; the presenter said the district's last check was roughly $133,000 in a recent year and that the arrangement historically delivered about $150,000 per year for facility use.
Board members reminded the room that the revenue stream has a limited remaining term: the payments will continue through fiscal 2026 and 2027 but are expected to stop thereafter (fiscal 2028 projected to have no funds). Trustees asked the administration to contact county officials for an estimate of what will happen to the payments when they are placed on the local tax roll and to quantify the projected revenue loss.
The board passed a motion to continue the current use of the Invenergy dollars for facility purposes through the remaining contract term.
