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12 10 25 Board of Education Meeting

2025-12-10 Portal: youtube #q03c1

It's still very early in the design and there are a ton of scope and quality decisions to be made between now and the end of design that will really impact cost. So budget pricing will continue to be updated as the design work continues. So once the design team has completed schematic design in the next couple of months, we anticipate that there will be enough design information at that point to build project specific comprehensive cost estimates that are based on actual quantities and unit prices and such. And we anticipate at that point that there will be a better sense of where the projects might be in relation to the to the ranges up there, which some of which are quite big. But that's that's not unusual for where we are so early in the design. Anything to add, Steve? No. Any questions? Yes. From anyone at. I guess I just wanted to point out that bottom section for all of the public who's paying attention right now that those are projects we've been talking about throughout this long range facilities master plan, but have pulled out of a potential bond funded project and will be funding them or proposed funding them through our current budget. Correct. Thank you. Anything else from anyone? Yeah, I have a question. I see that for Glenridge, it says assume construction start. It's twenty seven and then it's occupancy in twenty eight. Whereas with Miramec and Captain, it looks like a two year span for both of those.

It's twenty seven and then it's occupancy in twenty eight. Whereas with Miramec and Captain, it looks like a two year span for both of those. Is there a reason why that's. So for Glenridge, Steve, correct me if I'm wrong. I think for Glenridge, the thinking is that construction will begin first quarter twenty seven after the construction documents are done and the project is put out and then it would be completed summer twenty eight. Right. Right. OK. I mean, there's still quite a bit of discussion to take place regarding the actual schedule, and it's also has to be worked in tandem with what we're calling the bridge campus. So that would be the temporary. Yeah. And so there's still a lot of a lot of work being done. Yeah. Figuring that out. So these are these are approximate. Yeah. This was really just developed in order for us to be able to try to calculate the cost of future dollars. Yeah. So that we weren't portraying everything in today's dollars. We're trying to portray the future. Exactly. Those dates may not be correct, but they're best our best attempt at projecting the future. But you're not looking at double the amount of time to make Miramec and Captain as you offer Glenridge. Are you Miramec is going to be very similar to Glenridge. I think it's just that the start date of Glendale. Yes. That's why I just want to.

Yes. That's why I just want to. I will say Captain being a new completely new construction and also like Steve had mentioned earlier the potential phasing if students are bridged in their existing building versus the bridge campus that that's going to impact on the schedule. Thank you. Thank you very much. Thank you. Appreciate you being here. Other questions. OK. OK. Thank you. To all of you. Yeah. All of you. Thank you so much. OK. We're moving on to six point three which is the review of the draft resolution calling for bond election. And John will come back. Again to join us. And this is just a review and a draft. Which we all have received so. Go ahead John before you as a copy of a resolution and potential ballot language. It was drafted by Eric Creech who is legal counsel with Gilmore and Bell. They've served as our bond counsel for many years. We've played around with the actual ballot language some and my proposals to them have been corrected for a variety of reasons. One of those is St. Louis County has a limit on the number of words that they will police on a ballot. Their preferred limit is 50 words and based on the basic words we have to put down and put our name on there. We're really at 50 words almost to start. So this does exceed that limit but they believe this is will be approved. Secondly they recommend against being overly specific into what the language has.

So this does exceed that limit but they believe this is will be approved. Secondly they recommend against being overly specific into what the language has. So originally I had school names on here. They have removed those and partly because of the 50 word limit, partly because they wish to be more flexible in the wording. So this is the current version, the current wording that they've recommended back to us. I have tried to leave the dollar amount out and put TBD in there as we try to determine the exact amount we will need to seek for Phase 1, whether that includes one elementary or more than one elementary. I did have a plan to have a representative from Piper Sandler here tonight who is our investment banker. He was traveling over tonight from Kansas City. I guess I 70 got shut down for some accidents and he ended up having to turn around because he wasn't going to make the meeting so I apologize for that. But he's helping us and providing all the cash flow analysis that we need for our particular bond issues. With that I'll be happy to take questions. I would have to add that our next meeting is January 22nd. The certifications of these documents have to be by January 27th. So that's why it's scheduled at that date and we'll be finalizing the stock in it before that time. Happy to take questions. I had a question I'm looking for. Anyone else can go ahead. Who has a question? Jason.

Who has a question? Jason. Well, I guess I have a general comment and then a specific question. So my general comment, and I've made this too I think everyone a couple times now but just again for the public, for those that are watching at home, what we've been talking about so far this evening is the plan itself and it's a 15 to 20 year plan. And all of these things that we're talking about they're all really exciting but we're just not going to be able to do it all at one time. So in the course of regular school district facilities planning we decided to go forth with a 15, put together a 15 to 20 year plan. What we're talking about now is how do we find a component of how we finance that plan and how what Pam said earlier indicated there are different levers to pull. So I just want to be clear that in case there's been some confusion out there that this is one way in which we will finance the plan over the course of 15 to 20 years is the contemplation of this getting approval for bond issue. So with that in mind my question is, and I think this is just a quick one, that there's a $135 million number in there.

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