HCPS FL Logo Facilities
Action Item
DATE: Tuesday, February 1, 2011
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS

Approve Amendments to the 2006, 2008 and 2009 Capital Outlay and Debt Service (CO&DS) Bond Resolutions
EXECUTIVE SUMMARY

CO&DS dollars are derived from license plate revenues.  By law, we are required to continuously bond this revenue.  The 2006, 2008 and 2009 bond resolutions were previously approved to fund renovations at Knights, West Tampa and Trapnell Elementary Schools.  In addition, the 2010 bond resolution was approved to fund renovations at Chiaramonte Elementary School.  

Funds remain in the 2006, 2008 and 2009 issues after completion of the projects.  Approval of amendments to these resolutions will provide additional revenue for renovations at Chiaramonte Elementary.   

 

Bond Resolution

Approved Projects

Issue Amount

Remaining Balance

2006

Knights

$3,650,000

$265,569,44

2008

West Tampa

$5,085,000

$785,407.69

2009

Trapnell

$675,000

336,978.14

Total funds available for Chiaramonte renovation

$1,387,955.27

   
STRATEGIC OBJECTIVES
• Construct and maintain facilities that create an environment conducive to teaching and learning
FINANCIAL IMPACT (Budgeted:  Yes)
Bond sales yielded the District $3,650,000 in 2006, $5,085,000 in 2008 and $675,000 in 2009. 
EVALUATION
SUBMITTED BY:  Jan Albritton, Asset Specialist
Lorraine Duffy Suarez   Cathy L. Valdes
General Manger, Growth Management & Planning
(813) 272-4685		   Chief Facilities Officer
(813) 272-4004
    A 6.02
Hillsborough County Public Schools (Florida) * Mtg.#20110201_452 (Board Meeting) * Section A Item# 6.02