Tampa Bay Arena, L.P. (Amalie Arena) has requested permission to lease approximately 250 parking spaces from the School Board of Hillsborough County, Florida, a body corporate, in the Rampello Downtown Garage.  The spaces would be for Amalie employees' use after 4:00 p.m., Monday through Friday, and on scheduled weekend periods Saturday and Sunday.  No overnight parking will be allowed and all vehicles are parked at their own risk with no liability to the School Board.

The initial term of the Parking Agreement is five (5) years, with either party having the right to terminate with a 90-day written notice.  The first year rental rate will be $121,500 for 108 events.  Thereafter, the rental rate will increase based on the current CPI rate.    If the number of events exceeds 108 in any year, there will be a charge of $1,125 per event.  Any school district security services requested by Amalie will be charged at district standard rate and be above the base per event rental fee.

This agreement has been reviewed and approved by School Board real estate legal counsel as to form and sufficiency.

Approval of the Parking Agreement between the School Board of Hillsborough County and Tampa Bay Arena, L.P., will generate revenue in the amount of $121,500 for the district.