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Trenton council approves Verigee design‑build agreement and $10.5 million tax‑exempt lease proposal to finance citywide energy upgrades
Summary
The City Council unanimously approved a design‑build performance agreement with Verigee LLC and accepted a $10,500,000 tax‑exempt lease purchase financing proposal from Bank of America to fund solar and energy‑efficiency upgrades at multiple municipal facilities.
The Trenton City Council unanimously approved a design‑build performance agreement with Verigee LLC and accepted a tax‑exempt lease purchase financing proposal of $10,500,000 from Bank of America to fund solar and energy‑efficiency upgrades at city buildings.
The agreement covers energy performance and solar installations and design‑build improvements at the Kennedy Recreation Center, Westfield Community Center, Veterans Memorial Library and the wastewater treatment plant. The council’s action also authorized pursuing a tax‑exempt lease purchase…
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