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Vernon board holds public hearing on energy‑savings refunding bond; officials describe ESIP and solar PPA
Summary
At a public hearing, the district described an energy savings improvement plan (ESIP) that would fund rooftop unit replacements, LED lighting, envelope sealing and a solar purchase power agreement; the business administrator later introduced a resolution authorizing issuance of refunding bonds of up to $5.6 million for energy savings obligations.
The Vernon Township Board of Education held a public hearing and considered a business‑administrator resolution related to an energy savings improvement plan (ESIP) and a refunding bond ordinance intended to finance energy efficiency work and a high‑school solar purchase power agreement (PPA).
A staff presenter summarized the ESIP scope at the hearing, saying the district is pursuing efficiency measures that would be paid for from energy savings rather than current operating budgets. The district pointed to likely projects including replacing nine rooftop HVAC units, converting…
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