On Wednesday, August 10, 2016, Dr. Coleman, Coleman Chiropractic & Fit, is coming to Lonedell. Dr. Coleman is offering physical examinations for all incoming athletes fifth through eighth grade who participate in on-school or off-school campus sports. The physical examinations will be an out of pocket expense of $30.00, no insurance processing. Dr. Coleman will be set up in the new gym from 5:00 p.m. - 7:00 p.m., please call the elementary office for an appointment at 636-629-0401.
Students must have the physical filled out by a parent/guardian prior to the physical examination. Please sign and date the forms where needed. Please click here to download a pdf of the form.
Should you have any questions, please call the elementary office at 636-629-0401.
Summer School has come to an end. Our students were treated to so many great experiences thanks to McCarthy Building Companies, Murphy Company, Guarantee Electrical Company, and Castle Contracting. The kids learned about the various trades involved in building, including large machinery, engineering, plumbing and electric. Several individuals from these companies visited the students and shared their knowledge each week.
The students spent some time building their own city. Take a look at the pictures, you may see a likeness of your business. They also created their own business and sold goods at the Mall of America. There was jewelry, food, games, flowers, cars, and even planes! One student was heard saying, "This is the most fun shopping trip I've ever had!"
There was more fun to be had, with movie days, water parks, ice cream, tricycle races, and even a visit by the St. Clair Fire Department who helped the students cool off on a hot summer school day. Students who qualified also earned money for perfect or excellent attendance.
McCarthy Building Companies, Inc.
Guarantee Electrical Company
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.