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Board considers designating Wentzville School District Foundation to receive developer contribution; some members question foregoing general‑fund recovery
Summary
The board debated a motion to designate the Wentzville School District Foundation as the entity to receive contributions under an amended 2023 contribution agreement involving Bridal 364 Junction LLC, Calico LLC and Mia Rose Holdings LLC; some board members questioned why the district would not pursue litigation to recover funds for the general fund and whether the foundation agreed to accept the money.
Board member Speaker 11 moved that the board designate the Wentzville School District Foundation as the entity authorized to receive contributions payable under an amended contribution agreement dated Aug. 22, 2023, between the district and developers Bridal 364 Junction LLC, Calico LLC and Mia Rose Holdings LLC. The motion was seconded and sent to discussion.
Board members asked whether the foundation had agreed to accept the funds; staff replied…
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