Board advances ESCO program: Bridgeway project billed at $7.5M; financing parameters discussed
Trustees approved moving forward with a Bridgeway Solutions energy services agreement estimated at about $7.5 million and authorized engagement of financing professionals for ESCO lease-purchase financing up to a proposed not-to-exceed amount (documents cited both $30M and $32M). The district said guaranteed energy savings will cover annual payments.
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Jackson Public Schools' administration presented details of its energy-services contracting (ESCO) program and asked the board to approve a master agreement and an engagement resolution to hire financing professionals.
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