Hillsborough County Public Schools Facilities
Action Item

DATE: Tuesday, November 20, 2007
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Approve the Capital Outlay and Debt Service (CO&DS) Bond Resolution and Project Priority List (PPL)

EXECUTIVE SUMMARY

The District has been notified of a new State Board of Education Capital Outlay Bond issue. Hillsborough County's bond capacity for this issue is $5,085,000. CO&DS dollars are derived from license plate revenues. By law, we are required to continuously bond this revenue. Renovation of buildings 1-13 at West Tampa Elementary School is recommended for use of these funds.

In addition, the project priority list must be updated each time a project is added to or deleted from this funding source.

ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)

Provide adequate school facilities for the accomplishment of all District Goals and Critical Success Factors.

FINANCIAL IMPACT (Budgeted: Yes)

The bond sale will yield the District $5,085,000 in capital outlay bonds.

EVALUATION

SUBMITTED BY: Jan Albritton, Asset Manager



Cathy L. Valdes
Chief Facilities Officer
(813) 272-4004
A 6.04
Hillsborough County Public Schools (Florida) * Mtg.#20071120_270 * Section A Item# 6.04