The Southeast Missouri State University Board of Regents today approved a motion to proceed with the replacement of the HVAC system at Southeast Missouri State University – Sikeston.
CAPE GIRARDEAU, Mo.,
Dec. 14, 2007 – The Southeast Missouri State University Board of Regents today approved a motion to proceed with the replacement of the HVAC system at Southeast Missouri State University – Sikeston.
Work on the project will begin in late spring.
The project was tentatively approved by the Regents on March 7, contingent upon approval of an energy efficiency loan from the Missouri Department of Natural Resources, to be paid from future energy savings, according to Dr. Dennis Holt, vice president for administration and enrollment management. Subsequently, on Aug. 20, the Board authorized participation in the Missouri Department of Natural Resource’s Energy Leveraged Loan Program in the amount of $635,000 plus accrued interest for HVAC work at Sikeston ($551,300) and the Perryville Higher Education Center ($83,700). The Perryville project has not yet been bid.
“The project is made possible by the DNR loan,” Holt said. “We will use less energy in the future because we will have a more efficient system.”
Total cost of the project will be $845,738, Holt said. The cost of paying off the DNR loan will be shared equally by Facilities Management, using maintenance and repair funds, and Academic Affairs at approximately $25,000 each year for 16 years. The $294,438 not covered by the loan will be forward-funded by the University, he said.