NYGB and SPFC co-invested in a Lease in the amount of approximately US$12.9 million – including approximately US$8.7 million from NYGB and approximately US$4.2 million from SPFC – to finance energy improvements in a project that will replace existing infrastructure in nine schools and an administrative building in Northport District. The project includes, but is not limited to, lighting retrofits, building envelope improvements, energy management systems, water conservation units, and ventilator refurbishments. The Project is expected to save the District ~US$1.1 million per year, with a portion of those savings to be used for lease payments and the remainder going directly to the District.