Navitas is pleased to announce that we are working with Fort Osage School District to help them improve their facilities and create a better learning environment for their students.
The Fort Osage School District is a school district in Jackson County Missouri, mostly serving the eastern side of Independence and rural areas of the county. The district consists of one high school, one middle school, and seven elementary schools.
The district is planning on a bond issue in the near future, but as with many schools there is always more needs than funds to address building issues. One of the biggest maintenance needs the district faced was aging, leaky roofs on three of their buildings.
Navitas conducted a comprehensive investment grade audit to identify other facility needs and develop energy conservation measures. One of the primary goals of the district was to address the roofs. The biggest reason was the looming maintenance concerns and funds spent to constantly repair.
But additionally, by addressing the roofs through this mechanism the district will not have to encumber bond funds in their next bond issue to repair/replace their roofs. Now bond funds can be used to address other educational needs.
We were able to identify energy savings opportunities by changing out old fluorescent lighting, and upgrading the aging, cumbersome building automation system through the district. These two items alone provided a large amount of energy and operational savings to help fund other maintenance needs.
The district worked with their financial advisor to obtain a lease purchase to finance their project. Savings from this project will create an annual positive cash flow for the district over the 20-year term.
By partnering with Navitas and leveraging the energy savings from our project, the district was able to address around $5,000,000 of roofing projects and maintain a cash flow neutral project over the term of their lease purchase.