Hillsborough County Public Schools Business
Action Item

DATE: Tuesday, November 17, 2009
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Authorize Annual Meeting of the Hillsborough School Board Leasing Corporation for Certificates of Participation (COPs) Program (Business Division)
  1. Recess as members of the School Board, convene as the School Board Leasing Corporation.
  2. Appoint the following members as outlined in the by-laws of the Corporation: Board of Directors; Chair/Vice Chair of the Board of Directors; President/Vice President/Secretary of the Corporation.
  3. Adjourn as members of the School Board Leasing Corporation, and reconvene as the School Board.

EXECUTIVE SUMMARY

An annual membership and Board of Directors meeting of the Hillsborough School Board Leasing Corporation, which serves as lessor for the purchase of educational facilities, must be held each year to comply with the Articles of Incorporation of the Hillsborough School Board Leasing Corporation, Article VIII.

Mr. John Stokes, Bond Counsel, is present today to assist the Board in this endeavor.

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

* Demonstrate best financial practices

FINANCIAL IMPACT (Budgeted: No)

N/A

EVALUATION

SUBMITTED BY: Steve Brady, Assistant Department Manager for Cash Management

Susan Garcia
Services and Support Manager, Budget
(813) 272-4064
Gretchen Saunders
Chief Business Officer
(813) 272-4270
A 5.02
Hillsborough County Public Schools (Florida) * Mtg.#20091117_366 * Section A Item# 5.02