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How the $36.75M plan would be paid for: NYSERDA, building aid and reserves
Summary
Presenters gave a line‑item breakdown: $36.75 million total, $655,000 from district capital reserve, ~$2.45 million and additional NYSERDA/Track 2 funds to be applied toward the EPC, and state building aid expected to cover a large share of costs.
A financial presenter laid out the numbers for the proposed capital and energy project, telling the audience the total is $36,750,000 and that district capital reserves and state and grant funding reduce the local share. “The total project cost of of this is, 36,750,000 and this is coming with no additional, tax increase to the taxpayers in the community,” the presenter said.
Speakers described Track 1 funding ($650,000 design/test-well) and Track 2 NYSERDA awards that supplement the energy performance contract (EPC). The team explained how the EPC formula and state building aid interact — for example, SED agreed that NYSERDA funds would not count against the state's maximum cost allowance, improving project affordability. Presenters cautioned that some reconciliation and state approvals remain before any final tax impact can be confirmed.
