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District 99 hears Honeywell presentation on energy-savings contract; investment-grade audit eyed Jan. 26
Summary
District staff and Honeywell outlined a potential energy savings performance contract (ESPC) including rooftop solar, HVAC and controls upgrades and up to $2.5M in capital improvements; staff said Honeywell would present an investment-grade audit to the board on Jan. 26 if the board approves moving forward.
District 99 operations staff and Honeywell representatives presented a high-level proposal Dec. 15 for an energy savings performance contract (ESPC) that would combine energy conservation measures and capital improvements with a tax-exempt lease financing structure.
District presenters said Honeywell’s preliminary analysis identified guaranteed savings that could offset lease payments, reducing or eliminating upfront capital outlay. The district estimated potential annual…
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