Members of the SFCC Board of Trustees heard project updates from Trane representatives on upgrades to the Fielding Tech Center on the SFCC campus on May 22. The board in August approved a $6.4 million energy savings performance contract with Trane to complete energy-efficient upgrades to 13 buildings on the Sedalia campus.
Financing for the project was finalized in October, and energy savings and deferred maintenance costs will pay for the project over 15 years. Construction actually began in mid-November, and all improvements should be complete by fall 2012.
The project is funded with an energy performance contract in accordance with the Missouri statutory fiscal tool RSMO 8.231 authorizing the funding of public infrastructure improvement projects using the energy and operational savings that result.
A performance contract is a model that enables SFCC to use future energy and operational savings to finance infrastructure improvement projects. Photo by Randy Kirby, Sedalia News Journal.