| ID | Vote Date
| Amount
| Type | Yes | No | Result | Performance Clause |
4372
|
06/29/2017
|
2018-2019 $0
2019-2020 $0
2020-2021 $0
2021-2022 $0
Total: $0
|
RS - 2018
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Passed
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Has Performance Clause
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Brief Description: (The BoE voted to rescind this resolution on October 24, 2017.) To authorize borrowing an amount not to exceed $11M for the public purpose of paying the cost of energy efficiency and remodeling and improvement projects at District buildings and grounds.
Actual Wording: (The BoE voted to rescind this resolution on October 24, 2017.) Be it resolved that the School District of Montello is exercising its taxing authority under s.121.91(4)(o), Wis. Stats., on or before October 1st, to exceed the revenue limit on a non-recurring basis by an amount the district will spend on new energy efficiency measures and energy efficiency products for projects in the 2017-18 school year.
The project is being financed with General Obligation School Improvement Bonds for a term of 20 years.
The Amount to be expended:
School Year:
2017-2018 $473,831.25
2018-2019 $505,100.00
2019-2020 $509,325.00
2020-2021 $518,112.50
2021-2022 $526,375.00
2022-2023 $789,562.50
2023-2024 $792,587.50
2024-2025 $790,000.00
2025-2026 $791,800.00
2026-2027 $792,900.00
2027-2028 $788,387.50
2028-2029 $788,262.50
2029-2030 $792,350.00
2030-2031 $790,650.00
2031-2032 $788,250.00
2032-2033 $790,062.50
2033-2034 $791,000.00
2034-2035 $791,062.50
2035-2036 $790,250.00
2036-2037 $788,562.50
$10,630,000 (Initialed by Lisa Smith & Kyle Hunter)
After review of the recommendations report per s. 66.0133 (2)(b), Stats., the district has determined that the $10,035,000 it would spend on energy efficiency projects recommended in the report is not likely to exceed the amount to be saved in annual utility costs of $71,829 and non-utility costs of $695,715 over the remaining 40 year useful life of the facility to which the measures apply.
The board has entered into a 20 year performance contract under s. 66.0133, Stats., with Nexus Solutions for a project to implement the following energy efficiency measures or to purchase energy efficiency products. The Board has also identified the following cost recovery performance indicators to measure energy savings and /or operational savings for each measure or product, including the timeline for cost recovery: See attached.
The Board shall annually perform an evaluation of the performance indicators and shall report to the electorate as an addendum in the required published budget summary document per s. 65.90, Wis. Stats., and in the school district’s newsletter or in the published minutes of the school board meeting. The Board shall use this evaluation to determine the amount of energy or utility cost savings, as a result of the project, that shall be applied to retire the debt.
Adopted this 29th day of June, 2017.
/s/ Kyle Hunter
District President
/s/ Lisa Smith
District Clerk
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