Hillsborough County Public Schools Facilities
Action Item

DATE: Thursday, September 7, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

OAK PARK REPLACEMENT (ELEMENTARY "G")
APPROVAL OF MEDIATED PURCHASE PRICE

EXECUTIVE SUMMARY

In the case of School District vs. Bob Cornett, counsel representing the School Board have recommended settlement by paying $4,100,000 to Mr. Cornett. Authority to settle for the amount awarded was voted by the Board at the attorney/client session of August 22, 2006.

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

Goal 6 - All schools in the district will be assigned a state grade of A, B, or C.

FINANCIAL IMPACT (Budgeted: Yes)

The aggregate sum of $4,100,000, less $1,680,000 previously deposited with the Clerk of the Court, will be derived from Certificates of Participation 2004C and Two Mill Funds.

EVALUATION

SUBMITTED BY:

Cathy L. Valdes
Chief Facilities Officer
(813) 272-4004
Thomas Gonzalez, Esquire
School Board Attorney
(813) 273-0050
6.03
Hillsborough County Public Schools (Florida) * Mtg.#20060907_183 * Section E Item# 6.03