Hillsborough County Public Schools Facilities
Action Item

DATE: Tuesday, March 10, 2009
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Approve the 2009 and Amended 2007 Capital Outlay and Debt Service (CO&DS) Bond Resolutions 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 $675,000. CO&DS dollars are derived from license plate revenues. By law, we are required to continuously bond this revenue. Renovation at Trapnell Elementary School is recommended for use of these funds.

Funding of current construction projects has been studied to assure the best use of available resources. As a result, an amendment to the 2007 bond resolution is recommended. Adding West Tampa Elementary to this funding source will more effectively meet the district's needs.

Resolution documents and 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)

All Strategic Objectives

FINANCIAL IMPACT (Budgeted: Yes)

The 2009 bond sale will yield the District $675,000 in capital outlay bonds. The 2007 issue yielded $5,085,000.

EVALUATION

SUBMITTED BY: Jan Albritton, Asset Specialist

Lorraine Duffy Suarez
General Manager, Growth Management & Planning
(813)272-4685 		Cathy L. Valdes
Chief Facilities Officer
(813) 272-4004
A 6.02
Hillsborough County Public Schools (Florida) * Mtg.#20090310_345 * Section A Item# 6.02