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Council authorizes $‘energy conservation’ bonds after debate over federal rebates and tariffs
Summary
The council approved a resolution authorizing issuance of general obligation bonds to fund an energy conservation program, 6-2, after debate about recent federal rebate changes, tariffs and the timing of equipment purchases.
The Leawood City Council on July 7 adopted a resolution authorizing construction of energy conservation improvements and the issuance of general obligation bonds or temporary notes to pay for the work, approving the measure on a 6-2 vote.
The measure funds a package of energy-efficiency projects citywide, including LED streetlighting, HVAC replacements and other facility upgrades. The council’s discussion focused on timing and financial risk after recent federal legislation that may create new rebates and on the potential for tariffs to raise equipment costs.
Council member Julie Kane moved to…
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