Business Action Item

DATE:	Tuesday, May 3, 2011
TO:	School Board Members
FROM:	MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Hold a Public Hearing and Adopt a Resolution to Identify and Approve Projects to be Funded During the 2011/2016 Period by Community Investment Tax Proceeds (Business Division)
EXECUTIVE SUMMARY
Per the requirements of Hillsborough County Ordinance 96-12 and the Interlocal Agreement of July 17, 1996, the District is required to hold a Public Hearing and adopt a resolution listing the projects to be funded from the proceeds of the Community Investment Tax.
STRATEGIC OBJECTIVES
• Align financial resources to support the district’s strategic goals • Demonstrate best financial practices • Construct and maintain facilities that create an environment conducive to teaching and learning
FINANCIAL IMPACT (Budgeted:  Yes)
Estimated cost of projects to be completed is $10.7 million to be funded from the proceeds of the Community Investment Tax.
EVALUATION
SUBMITTED BY:  Steve Brady, Assistant Department Manager for Cash Management

Cathy Valdes		Gretchen Saunders
Chief Facilities Officer (813) 272-4004		Chief Business Officer (813) 272-4270
		A 5.03
Hillsborough County Public Schools (Florida) * Mtg.#20110503_458 (Board Meeting) * Section A Item# 5.03