an Energy Performance Contract (EPC) with Honeywell Building Solutions (HBS). That’s a lot of letters (TALOL).
Basically, the BOT is considering taking measures to make the Town’s buildings (Town Hall, Public Works, Water Treatment Plant, Depot Library, and Redstone Museum) more energy efficient, and also replacing residential and commercial water meters to ensure more accurate readings. This EPC would be conducted by Honeywell, with oversight by the GEO. The cost of the contract and the building upgrades would be paid for with the energy savings and extra revenues generated through accurate readings. These funds would be guaranteed by the contract with Honeywell.
In theory, as one Board member noted, “it’s a no-brainer.” Mona Newton, the Central Regional Represenative (CRR) for the GEO told the BOT, “This is a way to upgrade your facilities, without dipping into your capital improvement funds.” But these things are always more complicated than they seem at first blush. The Trustees instructed Administrator Victoria Simonsen to give them more information and documents for their next workshop (Tuesday, September 7) after which they will decide whether or not to proceed with a MOU (memorandum of understanding) with the GEO. If everything checks out, and all systems are go, then at the September 20 BOT meeting, the Trustees will agree to contract with Honeywell to perform a TEA (Technical Energy Audit.)