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District cites insurance drop and HVAC contract tied to guaranteed energy savings
Summary
Staff reported property and casualty insurance premiums fell to $447,000 and described a new HVAC arrangement with a vendor (Pelican) that the district says guarantees $3 million in savings over five years and will be tuned through a six-month performance period.
Staff reported a reduction in the district's property and casualty insurance premium to $447,000 this year down from $515,000 two years ago and attributed part of the budget relief to that change. The staff presenter noted the market has turned and the lower premium helped the district's efforts to balance the draft budget.
On facilities, staff described a newly installed HVAC contract (identified in the transcript as Pelican) that has a six-month tuning period with district technicians and that the vendor offers a performance guarantee; "They are guaranteeing us that this system is going to save that 3,000,000 in 5 years," the presenter said. Trustees asked whether solar was an option; staff said vendors have approached the district but that the HVAC solution is expected to be more energy efficient and offered to invite solar vendors for a future presentation.
