School District approves Energy Performance Contract

24 Apr 2016 06:22 #1 by Flume editor
The Platte Canyon School District board of directors finalized at its April 11 meeting the Energy Performance Contract projects with the McKinstry construction company.

The projects will include: Platte Canyon High School control sequence improvements, all lighting and lighting controls upgrades, a pool cover and new pool pump, windows, all single-phase protection and PCHS auditorium lighting upgrade.

The cost of the projects will be financed through a master lease agreement with Huntington Public Capital Corp. of Nevada. The lease termination date is May 2, 2031.

Total cost of the projects is set at $1,196,074, and the district locked the financing at 2.85 percent, which will shorten the payback by a full year and save taxpayers money. The total for the lease agreement comes to $1,504,286.51

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