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Architecture firms launch energy venture

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On The Beat Industry News In Brief

Two Indianapolis companies, architectural and engineering firm Schmidt Associates Inc. and mechanical contractor Johnson Melloh Inc., have partnered to form a new venture.

Energy Solutions by JMS will promote energy-savings programs to school districts, libraries and units of local government throughout the state.

The company will offer certification for green programs such as LEED, or Leadership in Energy and Environmental Design, analysis for renewable resources and alternative funding assistance, among other services.

School districts and local governments are struggling to find ways to finance building upgrades, the two say, as they deal with property tax caps and state legislation passed last year that puts big-ticket school construction projects to a referendum.

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  • My business in NJ did a lot of automation systems and the monitoring/reporting for Performance Contractors. Our systems provided the energy savings and the reporting to prove it.

    Great idea to combine the A&E with the G.C./Mechanical. Best of luck in your new venture.

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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