The Lindbergh Board of Education voted last week to adopt a resolution authorizing the issuance of over $1 million in bond-like certificates.
Board members voted 6-0 Feb. 14 to approve the resolution authorizing the issuance of $1,065,000 in certificates of participation, or COPs, to complete the construction, furnishing and equipping of the district’s new Central Office building.
Board Treasurer Vicki Lorenz Englund was absent.
Board members voted Feb. 1 to approve a resolution selecting First Bankers’ Banc of St. Louis to serve as underwriter for the issuance of the COPs. First Bankers’ Banc submitted the lowest of six bids for the COPs.
In March 2016, the school board approved the sale of $6 million in COPs to fund the construction of the new Central Office building. First Bankers’ Banc also was the low bidder for that sale.
Work on the two-story, 24,000-square-foot administration building is underway at the 2.2-acre former Johnny’s Market site, 11555 Gravois Road. In September, the board awarded a $6,561,000 construction contract to Wachter Inc.
Lindbergh’s Central Office currently is housed at Lindbergh High School, occupying roughly 20,000 square feet with 12 departments and roughly 50 employees.
Construction of the new Central Office building will be completed this fall, and the move eventually will restore eight to 10 classrooms at the high school to address the surging enrollment the district is facing.
