Hillsborough County Public Schools Facilities
Action Item

DATE: Tuesday, April 20, 2010
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Approve the 2010 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 $3,235,000. CO&DS dollars are derived from license plate revenues. By law, we are required to continuously bond this revenue. Renovations at Chiaramonte Elementary School are recommended for use of these funds.

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)

* Demonstrate best financial practices, * Demonstrate "best practices" in all aspects of safety including students, employees, visitors, facilities, transportation, and health, * Construct and maintain facilities that create an environment conducive to teaching and learning

FINANCIAL IMPACT (Budgeted: Yes)

The 2010 bond sale will yield the District $3,235,000 in capital outlay bonds.

EVALUATION

SUBMITTED BY: Jan Albritton, Asset Specialist

Lorraine Duffy Suarez
General Manager, Growth Management & Planning
(813) 272-4685 		Daniel J. Valdez
Deputy Superintendent
(813) 272-4166
A 6.07
Hillsborough County Public Schools (Florida) * Mtg.#20100420_398 * Section A Item# 6.07