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I-) f <br />® LEE,,,-'C0UNT-Y 1,3 <br />Committed Today for a Better Tomorrow <br />AGENDA ITEM: III. G <br />MEETING DATE: April 16, 2007 <br />MEMO TO COMMISSIONERS: <br />FROM: Gaynell Lee, Clerk to the Board <br />DATE: April 9, 2007 <br />SUBJECT: Public School Building Capital Fund Application <br />EXPLANATION: <br />Interim Manager Lisa Minter is asking the Board to approve the application to draw <br />funds for FY 2006-07 out of the Public School Building Capital Fund. A total of <br />$511,541 has been budgeted to pay for school debt service for construction of <br />Broadway Elementary School. The Board of Education approved this application at <br />their April 3, 2007 meeting. <br />RECOMMENDATION: <br />Approve application to draw $511,541 from the FY 2006-07 Public School Building <br />Capital Fund for construction of Broadway Elementary School. <br />ATTACHMENTS: <br />- April 5, 2007 memo from Ms. Minter <br />- Public School Capital Building Fund Application <br />