LIFE CYCLE ANALYSIS
Plans for the construction of all new buildings and plans for major remodeling of existing facilities shall include a "life cycle cost analysis." The analysis will consider certain costs of owning using and operating a building over its economic life, including but not limited to the following:
1. initial costs;
2. system repair and replacement costs;
3. maintenance costs;
4. operating costs, including energy costs;
5. salvage value.
The "life cycle analysis" shall be approved by the Board of Directors before any contracts for construction or renovation are let.
Legal Reference: Iowa Code Chapter 470
Adopted: March 10, 1986
Reviewed: February 13, 1995
March 8, 1999
January 19, 2004
March 2009
February 22, 2010
June 28, 2010
October 12, 2015