University of Maine System Finance, Facilities & Technology Committee Meeting Minutes February 2026
UMPI Approves ESPC with NV5 for Campus Energy Upgrades
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Description
The University of Maine at Presque Isle will contract with NV5 for a $4.065 million energy savings performance project, with costs repaid through guaranteed savings over 20 years. Approval includes tax-exempt financing for comprehensive infrastructure improvements.
Contract Details
Contract Amount
up to $4,065,000
Vendor
NV5
Agency
University Of Maine-System Central Office, ME
Contract Type
CONSTRUCTION
Document Date
February 11, 2026
Contract Term
20 years (debt service self-funded over project life)
Renewal Info
Project replaces prior standalone boiler project; 20-year performance/financing term. Upfront $125,000 paid, balance financed.
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University of Maine System Finance, Facilities & Technology Committee Meeting Minutes February 2026
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University of Maine System Finance, Facilities & Technology Committee Meeting Minutes February 2026
University of Maine System Finance, Facilities & Technology Committee Meeting Minutes February 2026
University of Maine System Finance, Facilities & Technology Committee Meeting Minutes February 2026
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