MISSION: TO SERVE EVERY STUDENT WITH EXCELLENCE AS THE STANDARD



02-12-2008 Regular School Board Meeting
Agenda Item #47


Title
H-11. Loan for Melbourne High School Multi-Purpose Field

Discussion
The request is to approve a loan of $359,583.00 for a multi-purpose field at Melbourne High School.  Due to size and continued use of the present field and also lack of space available at Melbourne High, this multi-purpose field, similar to the one installed at Palm Bay High School, is needed.  A loan re-payment plan and rationale is attached for your review.

Recommendation
Approve the loan for the Melbourne High School Multi-Purpose Field in the amount of $359,583.

Meeting Date(s)
Information - 2/12/2008
Consent after Information2/26/2008

Authority for Action
F.S. 1001.42

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Operating - Other

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
07-08$359,583Noxxxxxxxxxxxxxxxxxxxxxxx

Contact

Dr. Thomas W. McIntyre, Area I Superintendent




Attachment:  Melbourne High Multi-Purpose Field.pdf