School District of Clay County
Green Cove Springs, Florida
Teacher Inservice Center - Fleming Island High School 2233 Village Square Parkway TIME - 5:15 PM
July 30, 2007 Special Meeting
Agenda Item #8


Item Title
Adopt the 2007-08 capital improvement fund mill lvey

Issue/Rationale
2 Mill Levy - Section 1011.71(2), F.S., for new construction and remodeling, maintenance, renovations, and repairs of existing school plants or of leased facilities; the purchase, lease-purchase or lease of school buses or new and replacement equipment; payments for educational facilities and sites an amount equal to three-fourths of the proceeds from the millage; payment of costs of leasing relocatable educational facilities.

Recommended Action
Motion to adopt the capital improvement fund mill levy of 2.000 which exceeds the rolled-back rate by 8.99 percent.

Financial Impact
This levy will generate $20,260,376 to fund 300.

Submitted By
Dr. George F. Copeland, Assistant Superintendent for Business Affairs