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RSU 5 board authorizes lease financing for phase 2 of district energy and facility upgrades
Summary
The board approved a resolution authorizing lease-purchase financing to proceed with phase 2 of a district energy-audit work plan (authorization up to $2,429,416) and directed staff to proceed with bidding and financing steps; facilities director noted some items are critical replacements rather than net energy-saving paybacks.
The RSU 5 Board of Directors voted to authorize the superintendent and finance staff to pursue lease-purchase financing for phase 2 of the district energy-conservation project at its March 25 meeting.
Finance director Kelly presented the motion to allow EMC (the energy-audit vendor) to move from planning to bidding on phase-2 items and to permit the district to secure lease…
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