Biomass Boiler Project
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Biomass Boiler Project Oxford Hills Comprehensive High School PowerPoint PPT Presentation


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Biomass Boiler Project Oxford Hills Comprehensive High School. Project Summary. Estimated cost $2,000,000 Grant awarded from the Department of Conservation $750,000. Net cost $1,250,000

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Biomass Boiler Project Oxford Hills Comprehensive High School

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Biomass boiler project oxford hills comprehensive high school

Biomass Boiler Project

Oxford Hills Comprehensive High School


Project summary

Project Summary

  • Estimated cost $2,000,000

  • Grant awarded from the Department of Conservation $750,000. Net cost $1,250,000

  • Project eligible to be funded via Qualified School Construction Bonds (QSCB) because of the district’s free/reduced lunch percentages

    • These bonds require a referendum vote

    • These are zero interest bonds - resulting in a $600,000 savings to the district over the life of the bond


Project summary1

Project Summary

  • Will reduce the amount of fuel oil consumed by 88,500 gallons

  • Net savings first year $128,000

  • Savings will increase as cost of fuel oil increases

  • Reduces our dependence on foreign oil

  • Uses a locally grown, and manufactured project (wood chips)

  • Results in significant beneficial impact on the environment


Why a referendum vote

Why a referendum vote?

  • This project qualifies to be financed by Qualified School Construction Bonds (QSCB) due to the districts high percentage of free/reduced lunch students

    • These are zero interest bonds

    • A referendum vote is required

    • There is a limited amount of funds available so we need to move quickly to secure financing

  • Our goal is to get the boiler on-line early in the heating season (January 1, 2011) so that we can save on oil costs.


Referendum

Referendum

Public Hearing - May 3 - 6:30 OHCHS

Referendum Vote - May 11 in each town

PLEASE VOTE!


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