- Lindbergh Schools
Board Approves Prop R Bond Sale, Phase One Construction
Feb. 12, 2020
The Lindbergh Schools Board of Education voted on two important Prop R action items during the Feb. 11 regular meeting, setting in motion the first steps toward building a safer, more secure Lindbergh High School.
Board Approves Vendors for Utility Building Construction, Math Building Demolition
The Lindbergh Schools Board of Education voted on Feb. 11 to approve the first phase of the Lindbergh High School construction project, which includes construction of a central utility building, demolition of the math building and high school main office, installation of utilities, additional exterior site improvements, and asbestos abatement.
Six vendors bid on the earthwork, phase one demolition and utility package. The best qualified complete bid was submitted by Wachter Inc. for $2,704,500. In a separate bid, six companies submitted proposals for the asbestos abatement work. The best qualified complete bid for that project was submitted by Talbert, for $90,733. Total cost for this first phase of construction will be $2,795,233.
LHS construction will take place in three phases, with phase one beginning in spring and summer of 2020.
The bid package for phase two will be approved in March, with construction beginning in summer 2020. Phase two will include construction of a new three-story structure that will connect existing buildings on the high school campus, in addition to renovation and remodeling work in existing buildings. This work is scheduled for completion in January 2023.
Phase three is scheduled to begin in January 2023 and will include demolition of the current auditorium and 300s/400s building, and resurfacing and reconfiguration of on-campus parking areas.
Board Approves Sale of Remaining Prop R Bonds
The Lindbergh Schools Board of Education approved a resolution on Feb. 11 authorizing and directing the sale of $65 million in general obligation bonds for Prop R construction.
The Feb. 11 authorization is the second portion of the $105 million Prop R No-Tax-Rate-Increase General Obligation Bond Issue, which was passed by the Lindbergh community in April 2019. The first sale occurred in June 2019, with the authorization of $40 million in bonds.
The actual competitive sale of the bonds will occur Thursday, Feb. 20. This will complete the sale of Prop R bonds. Moody’s Investor Services rated Lindbergh’s credit at Aa1, which is a high-grade rating for government bonds. The current interest rate market for government bonds is favorable to Lindbergh Schools with a high demand for tax-exempt investments.
About Prop R
In April 2019, Lindbergh voters overwhelmingly approved Prop R, a $105 million no-tax-rate-increase bond issue to revitalize the Lindbergh High School campus and create districtwide safety equity. More than 77 percent of voters cast ballots on April 2 in favor of Prop R, which required 57.15 percent for approval.