Created : May 10, 2014 at 10:42 PM
April 15, 2014
Status:
Adopting Resolution No. 14-83 authorizes the execution and delivery by the School Board of Amendment to Amended and Restated Schedule 2001B-1, Amended and Restated Schedule 2008A-1, Amended and Restated Schedule 2009A-1, Amendment No. 3 to Series 2008A Ground Lease and Amendment No. 3 to Series 2009A Ground Lease in order to release the (i) Series 2008A-1 Facility Sites designated as "Cooper City High School (Aquatic Complex)" and "Olsen Middle School" from the lien of the Series 2008A-1 Lease and (ii) Series 2009A-1 Facility Site designated as "PPO Zone 4" from the lien of the Series 2009A-1 Lease, and replace such facility sites with comprehensive needs projects under the District's Adopted District Educational Facilities Plan; and approving the form of documents listed in the exhibits section below.
From time to time, we make these adjustments to align Certificates of Participation (COPs) documentation with the Adopted District Educational Facilities Plan.
Executive Summary
This resolution accomplishes the following:
The projects below have been removed from the District Educational Facilities Plan (DEFP) during the 5-year planning process over the past few years and will be removed from the COPs documents by this resolution.
1) Cooper City High School - Aquatic Complex
2) Olsen Middle School - Classroom Addition
3) PPO Zone 4 - New Maintenance Facility
Funding from the canceled projects and any remaining funds from completed projects can be spent on items adopted in the DEFP. Those items are summarized in the following categories:
- Indoor Air Quality (IAQ)
- Roofing
- Americans with Disabilities Act (ADA)
- Safety/Security (e.g. fencing and fire alarms)
- Technology (e.g. infrastructure, networking, and end-user equipment)
- Educational Equipment (e.g. music instruments and kilns)
- Capital Maintenance Projects (e.g. air conditioning replacements)
The Resolution and all exhibits are available online via The Broward County Public Schools eAgenda at: http://eagenda3.broward.k12.fl.us/cgi-bin/WebObjects/eAgenda
The amendment does not free up additional funds for new projects since the DEFP already reflects these changes, therefore there is no financial impact.
Requested Action
Adopt Resolution No. 14-83 Amending Series 2008A-1 and Series 2009A-1 Facilities
Summary
Adopting Resolution No. 14-83 authorizes the execution and delivery by the School Board of Amendment to Amended and Restated Schedule 2001B-1, Amended and Restated Schedule 2008A-1, Amended and Restated Schedule 2009A-1, Amendment No. 3 to Series 2008A Ground Lease and Amendment No. 3 to Series 2009A Ground Lease in order to release the (i) Series 2008A-1 Facility Sites designated as "Cooper City High School (Aquatic Complex)" and "Olsen Middle School" from the lien of the Series 2008A-1 Lease and (ii) Series 2009A-1 Facility Site designated as "PPO Zone 4" from the lien of the Series 2009A-1 Lease, and replace such facility sites with comprehensive needs projects under the District's Adopted District Educational Facilities Plan; and approving the form of documents listed in the exhibits section below.
From time to time, we make these adjustments to align Certificates of Participation (COPs) documentation with the Adopted District Educational Facilities Plan.
Executive Summary
This resolution accomplishes the following:
The projects below have been removed from the District Educational Facilities Plan (DEFP) during the 5-year planning process over the past few years and will be removed from the COPs documents by this resolution.
1) Cooper City High School - Aquatic Complex
2) Olsen Middle School - Classroom Addition
3) PPO Zone 4 - New Maintenance Facility
Funding from the canceled projects and any remaining funds from completed projects can be spent on items adopted in the DEFP. Those items are summarized in the following categories:
- Indoor Air Quality (IAQ)
- Roofing
- Americans with Disabilities Act (ADA)
- Safety/Security (e.g. fencing and fire alarms)
- Technology (e.g. infrastructure, networking, and end-user equipment)
- Educational Equipment (e.g. music instruments and kilns)
- Capital Maintenance Projects (e.g. air conditioning replacements)
The Resolution and all exhibits are available online via The Broward County Public Schools eAgenda at: http://eagenda3.broward.k12.fl.us/cgi-bin/WebObjects/eAgenda
School Board Goals
| Goal 3: Effective Communication |
Financial Impact
The amendment does not free up additional funds for new projects since the DEFP already reflects these changes, therefore there is no financial impact.
Source of Additional Information
Omar Shim, Director 754 321-8200
Associated File Attachments
