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Action Item
DATE: Tuesday, August 23, 2016
TO: School Board Members
FROM: Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS

Approve the Acceptance of the Dedicated Elementary "C" School Site at the Triple Creek Subdivision, East of US Highway 301 on Big Bend Road in Riverview from TC Venture 1, LLC to the School Board of Hillsborough County, Florida, a Body Corporate

EXECUTIVE SUMMARY

School district staff has worked through the planning process with TC Venture I, LLC, the developer of the Triple Creek Subdivision, to dedicate an elementary school site for impact fee credits to the School Board of Hillsborough County, Florida, a body corporate.  The site is 15 +/- acres at the northern boundary of the subdivision at Big Bend Road, Riverview, near the community amendment area of Triple Creek. 

All dedication documentation and Developer due diligence site work have been completed and found to be in order for School Board acceptance.  Upon completion of the required roadwork by the Developer for Elementary "C" school campus access, impact fee credits in the amount of $1,312,500 will be assigned to the Developer from the Hillsborough County Board of County Commissioners, less the cost of fill and finish grading of the school site.  The impact fee credit amount is based on the average of two independent fair market value appraisals.

All documents associated with the School Board's acceptance of the Elementary "C" school site have been reviewed and approved by School Board real estate legal counsel. 

STRATEGIC OBJECTIVES
• Construct and maintain facilities that create an environment conducive to teaching and learning
FINANCIAL IMPACT (Budgeted:  No)
Acceptance of the dedicated elementary school site to the School Board of Hillsborough County from TC Venture 1, LLC will have no financial impact to the School Board.
EVALUATION
SUBMITTED BY:  Denise A. Taraschi, Property Specialist, Growth Management & Planning
Lorraine Duffy Suarez, General Manager, Growth Management & Planning
Christopher Farkas   Dr. Alberto Vázquez
Chief Operating Officer
813-272-4004
  Chief of Staff
(813) 272-4986
    C 7.05
Hillsborough County Public Schools (Florida) * Mtg.#20160823_765 (Board Meeting) * Section C Item# 7.05