Agenda Item #27
Transfer and Use of Educational Facilities Impact Fees
Meetings of the Educational Facilities Impact Fee Benefit District Advisory Committees (Committees) were held on 9/18/09 as required by Section 2.5 of the Interlocal Agreement between Brevard County, Florida and the District School Board of Brevard County, Florida, Providing for Funding of New or Expanded Public Educational Facilities with Educational Facilities Impact Fees (Interlocal Agreement).
At the 9/23/08 School Board meeting, the Board approved the concept of using Impact Fees to pay the debt service on qualifying Certificates of Participation (COP), per Section 2.4 of the Interlocal Agreement.
Transfers of Previous Funds
Use of Currently Available Funds
Approval by the School Board of the use of the currently available funds shall constitute the appropriation of the funds, as required by Section 3.2 of the Interlocal Agreement, with remittance of the funds from Brevard County to the School District due within 21 days after the end of the month in which the request for the funds is made by the School Board.
Approved the attached recommendations for the transfer of previously allocated Impact Fees and the use of currently available Impact Fees. Authorize the Superintendent to request the transfer of the currently available Impact Fees from Brevard County to the School District as recommended by the Educational Facilities Impact Fee Benefit District Advisory Committees for Benefit Districts 1, 2, 3 and 4 at their meetings on 9/18/09.
Information - 10/13/2009
Consent after Information10/27/2009
Authority for Action
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Dane Theodore, Director, Planning & Project Management x657
Attachment: Advisory Committee Recommendations for Meeting #7.pdf
Attachment: Transfer Request for Previously Collected Impact Fees.pdf
Attachment: Previous Impact Fees Project Collections.pdf
Attachment: Eligible COPs.pdf
Attachment: Meeting #7 Minutes.pdf
Attachment: Master COP Schedule.pdf
Attachment: Educational Impact Fee Collections thru June 09.pdf
Attachment: Request for Impact Fees thru June 2009.pdf
Attachment: Master Spreadsheet.pdf
Attachment: COP Debt Schedule.pdf
Attachment: Interlocal Agreement.pdf