Jaffrey-Rindge School District bonds $1.7 million of energy project

  • An aerial view of Jaffrey from Conant High School.

Monadnock Ledger-Transcript
Published: 5/17/2017 10:47:54 PM

The Jaffrey-Rindge School District will bond $1.7 million of the district’s $2.8 million energy savings equipment project approved at Town Meeting in March.

The rest of the funding will be comprised of about $196,000 in rebates, a $280,000 NH Public Utilities Commission grant, and up to $900,000 in unexpected funds, according to Business Administrator Carrie Broderick.

“We were told that [$196,000 in rebates] was a good number, but it could be more,” said Broderick, in a phone interview Wednesday.

The tax impact of the bond in fiscal year 2018 is estimated to be five-cents per every $1,000 of assessed value in Jaffrey and four-cents per every $1,000 of assessed value in Rindge. In the case of each town, Broderick said the tax impact has dropped three cents per every $1,000 of assessed value for each town from the original estimate.

The approved warrant article allowed the district to take out a bond of up to $2.7 million to pay for the project, which includes replacing the heating boilers with propane boilers at each school. Conant High School and Jaffrey-Rindge Middle School will also share a biomass heating unit, which will serve as the primary heating unit, with propane serving as the backup.

The district’s facilities committee made the decision on the bond amount during a meeting Wednesday morning, according to Broderick. School Board chair Laurel McKenzie said in a phone interview Tuesday that the authority had been delegated to the facilities committee at a previous School Board meeting.

Work on parts of the project will begin immediately, according to Broderick, with the hope of completing all or most of the project by the end of summer.

The district did not anticipate receiving the grant, according to Broderick, and may be able to do some additional energy savings projects in the district. As of Wednesday afternoon, Broderick said no additional projects had been decided upon.

The final step in officially moving forward with the project is having the loan agreement approved by the School Board, according to Broderick. The agreement was due to be presented to the board during its Monday meeting, which was after the Ledger-Transcript’s deadline.

Nicholas Handy can be reached at 924-7172 ext. 235 or nhandy@ledgertranscript.com. He is also on Twitter @nhandyMLT.


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