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Board reviews lease purchase for buses and $5.5M energy contract first read
Summary
Trustees received a first reading on two lease-purchase items: financing for 15 replacement buses and an approximately $5.5 million phase of an energy performance contract focused on LED and future envelope work; both items will return for formal approval next month.
The Liberty Public Schools Board of Education reviewed, on first read, two lease-purchase proposals the district plans to bring back for approval: financing for 15 buses and an energy-savings performance contract that includes LED lighting work and will help fund future roof and envelope projects.
Operations staff described the bus purchase as a standard lease-purchase that spreads the roughly $2.5 million cost for 15 buses over multiple years to avoid a single-year capital spike. “It allows us to kind of spread it out over time,”…
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