Hillsborough County Public Schools Facilities
Action Item

DATE: Tuesday, July 25, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

IMPACT FEE REIMBURSEMENT RESOLUTION
FOR SUBMISSION TO HILLSBOROUGH COUNTY

EXECUTIVE SUMMARY

The School District's Interlocal Agreement for the School Site Dedication program requires that the School Board approve a resolution for reimbursement of land purchases. Currently, the District's Impact Fee account balance is $6,566,455 in the Countywide District; $6,855 in the Northwest District; and $104 in the Central District. By approval of this Resolution, the Board is requesting reimbursement of $5,940,000 for parcels of land purchased for Spoto High School in Riverview. Funds will be drawn from the Districtwide Geographic Expenditure Zone.

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

FINANCIAL IMPACT (Budgeted: No)

The District will be reimbursed $5,940,000 for site acquisition purposes.

EVALUATION

SUBMITTED BY:

Gretchen Y. Saunders
Chief Financial Officer
(813) 272-4270
Cathy L. Valdes
Chief Facilities Officer
(813) 272-4004
6.01a
Hillsborough County Public Schools (Florida) * Mtg.#20060725_180 * Section E Item# 6.01a