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