Coach Paul Brake is proud to announce the 2016-2017 Volleyball Team Members. The girls went through rigorous tryouts this week and will start practicing right away. Their first game will be held on September 1 away at IL. Check out their full schedule here. Play hard girls, we're so proud of you!
We are happy to welcome two new staff members to our district. Miriah Hittler will serve as the 5th and 6th Grade Science Teacher. Mr. Imler will be moving to the 7th and 8th Grade Science position. Brittany Kohlber will be serving as the 7th and 8th Grade Communication Arts Instructor. Mrs. Britton will be moving the Library Media Specialist position.
Both of these ladies come with a wealth of ideas and experience. "We really got the cream of the crop," stated Mrs. Ulrich. We are very excited to welcome them to our school
We at Lonedell know we have a great community. The Cuts for Kids event held August 1st just reminded us again. Several stylists from shops all over Franklin County took time out of their schedule to help our kids get a fresh haircut for school. This was done at no charge! Although, donations to our Student Council and National Junior Honor Society were accepted. Many students took advantage of this opportunity. We couldn't have done it without the suggestion and actions taken by these ladies:
Thanks ladies for always putting our students first!
LONEDELL R-XIV SCHOOL DISTRICT
OF FRANKLIN COUNTY, MISSOURI
APPROVES SALE OF $750,000 GENERAL OBLIGATION BONDS
The Board of Education of the Lonedell R-XIV School District of Franklin County, Missouri at a regular meeting on April 18, 2016 approved the sale of $750,000 General Obligation Bond Issue to its Municipal Bond Underwriter, L.J. Hart & Company of St. Louis, Missouri. "We appreciate the strong vote of confidence we received from local patrons at the election and want to lock in interest rates that are favorable," stated Daniel Short, President of the Board of Education. These new money General Obligation Bonds were approved by about 68% of the voters at the April 5, 2016 election, for the purpose of providing funds to expand the cafeteria and install heating, ventilation, and air conditioning systems; to upgrade the entrance to the cafeteria to comply with ADA regulations; to pave the parking lot and construct new sidewalks; to complete safety upgrades to the breezeway and front door entrance; to upgrade the technology infrastructure; to the extent funds are available, convert the computer lab to a science lab, upgrade existing HVAC and complete additional repairs and renovations to the existing facilities of the District.
According to Larry J. Hart, President and CEO of L.J. Hart & Company, the Farmers and Merchants Bank purchased $250,000 of the bonds to support the District. The Superintendent of Schools, Jenny Ulrich, mentioned that she was pleased efforts were made to accommodate local investors. “It is nice that our marketing procedures facilitated this local involvement while still receiving attractive interest rates,” Ms. Ulrich commented.
The Board of Education selected the negotiated sale of the bonds in order to capture current market conditions, to be certain that local banks received an opportunity to purchase the bonds, and because the proposed interest rates were fair based upon current conditions in the municipal bond market. Ms. Ulrich stated that the District did compare proposed interest rates with the national bond indexes and other comparable Missouri issues with a similar rating quality sold at negotiated sales to be certain that rates for the District’s bonds were favorable. “Based upon pricing of these other financings on April 18, 2016, the date firm rates were proposed to the District, and the national indexes for AA+ rated General Obligation Bonds, our rates were as good as or better than other negotiated sales for a similar quality level of bond issue,” Ms. Ulrich remarked.
According to L. J. Hart & Company, the bonds are scheduled to mature on March 1, 2026 through March 1, 2036 with reoffered yields ranging from 1.75% to 2.55%. The interest income from the bonds is exempt from federal and state of Missouri income taxes and the bonds were available in $5,000 denominations.
These bonds carry a "AA+" rating from Standard & Poor's Corporation due to the District's participation in the State of Missouri Direct Deposit Program coordinated through the Missouri Health and Educational Facilities Authority.
The bonds do contain optional redemption (call) provisions on March 1, 2021 at no penalty that will facilitate the reduction of future interest expense in the event of prepayment or a future refunding to lower rates if market conditions make it economically feasible. The financing proceeds are expected to be available to the District by May 16, 2016 and will be promptly reinvested by the District to earn additional interest for use in the completion of the projects. The legal documents to complete the issuance of the bonds were prepared by Lori Lea Shelley, Esq. of Mickes O’Toole, LLC in its role as bond counsel for the District.