Hillsborough County Public Schools Facilities
Action Item

DATE: Tuesday, February 21, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Approval of Participation in State Board of Education Capital Outlay Bond Issue 2006-A (Revised Attachment)

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 $3,650,000. Capital Outlay and Debt Service (CO&DS) dollars are derived from license plate revenues. By law, we are required to continuously bond this revenue. Renovations and remodeling at Knights Elementary are recommended for use of these funds.

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

Critical Success Factor 6.a.8 - Provide sufficient student stations to ensure uninterrupted student learning and data gathering as measured by District Operational Goals plan.

FINANCIAL IMPACT (Budgeted: No)

The bond sale will yield the District $3,650,000 in Capital Outlay (CO&DS) Bonds.

EVALUATION

SUBMITTED BY: Jan Albritton, Asset Manager



Cathy L. Valdes
Chief Facilities Officer
(813) 272-4004
6.02R
Hillsborough County Public Schools (Florida) * Mtg.#20060221_170 * Section E Item# 6.02R