1 / 8

Biomass Boiler Project Oxford Hills Comprehensive High School

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

keefe-huber
Download Presentation

Biomass Boiler Project Oxford Hills Comprehensive High School

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Biomass Boiler Project Oxford Hills Comprehensive High School

  2. 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

  3. 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

  4. 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.

  5. Referendum Public Hearing - May 3 - 6:30 OHCHS Referendum Vote - May 11 in each town PLEASE VOTE!

More Related