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School board approves $2.59 million Phase 3 lease, plans Atkinson and HVAC projects
Summary
Timberlane Regional School District board approved Phase 3 of a multi‑phase lease-purchase program totaling $2,589,655 for priority work at Atkinson Academy and HVAC/control upgrades at other schools; board was told first payment would fall in fiscal 2027 and $10 million of the original $25 million authority would remain.
The Timberlane Regional School District Board of Education voted to authorize a $2,589,655 contract for Phase 3 of its previously approved lease-purchase program, directing work first at Atkinson Academy and on HVAC controls in other schools.
Superintendent Justin Krieger told the board the Phase 3 package uses a $500,000 credit from Phase 2 (from a lower-than-expected window price) and would leave about $10 million of the district’s original $25 million lease authority available for future phases. Krieger said the lease would be structured so annual debt service for Phase 3 would…
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