Johnson Controls Contract Still Unsigned

CLAREMONT Site work is set to start Monday for the Stevens High School renovation project, though there are still questions about the wood boilers.
David Putnam, chair of the renovation committee, is hopeful financing will fall into place soon for the Johnson Controls energy contract worth as much as $7 million.
“We’re waiting to hear back from two parties at this time,” he said.
Voters approved the energy saving contract as a 20-year lease / purchase plan in which Johnson Controls would install new wood burning boilers in the high school and do other energy saving work for no more than $7 million.
Under the plan, the school district would take out a loan to pay for the work, and pay off the loan from the energy savings realized. Johnson Controls even guarantees that the annual savings will always be more than the annual repayment. This Story from the Eagle Times

Tagged with: , ,
Posted in Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>