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Old 07-01-2010, 07:04 PM
djt22 djt22 is offline
LawnSite Member
Join Date: Jan 2009
Location: Ohio
Posts: 113
"Drake said he knew his concept would work because it didnít require an association to spend $200,000 for the multiple irrigation controllers needed on the property. Instead, his company would give them away at no upfront cost, and his company would make money from the savings on their water bills."

I could be wrong but in reading this I got the feeling maybe he is being paid for the controller and his services at the end of the year with the money left over in the budget. So if the HOA normally spends $40,000 a year on water and he saved 50%(just for easy numbers) he saved them $20,000 (before he got paid) They then pay him out of the $20,000 he saved and so the first year is not a true $20,000 savings maybe only a $10,000 savings?
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