Biomass Boiler Project Oxford Hills Comprehensive High School

Project Summary Estimated cost $2,000,000 Estimated cost $2,000,000 Grant awarded from the Department of Conservation $750,000. Net cost $1,250,000 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 districts free/reduced lunch percentages Project eligible to be funded via Qualified School Construction Bonds (QSCB) because of the districts 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 Summary Will reduce the amount of fuel oil consumed by 88,500 gallons Will reduce the amount of fuel oil consumed by 88,500 gallons Net savings first year $128,000 Net savings first year $128,000 Savings will increase as cost of fuel oil increases Savings will increase as cost of fuel oil increases Reduces our dependence on foreign oil Reduces our dependence on foreign oil Uses a locally grown, and manufactured project (wood chips) Uses a locally grown, and manufactured project (wood chips) Results in significant beneficial impact on the environment Results in significant beneficial impact on the environment

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 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 These are zero interest bonds A referendum vote is required A referendum vote is required There is a limited amount of funds available so we need to move quickly to secure financing 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. 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 Public Hearing - May 3 - 6:30 OHCHS Referendum Vote - May 11 in each town PLEASE VOTE!