Approve Resolution for Impact Fee Fund Disbursement from the Hillsborough County Board of County Commissioners for Site Acquisition, Construction and Construction Management of High School "TTT", County Road 671, Riverview, Florida

To support student population in the southern Hillsborough County area, the School Board of Hillsborough County will be constructing High School "TTT" containing 2,410 student stations, which is scheduled to open for the 2020 school year.  High School "TTT" will relieve East Bay and Lennard High Schools.  This project is reflected in the School Board's approved 2017-2018 Five Year Facilities Work Program.

Hillsborough County's Consolidated Impact Assessment Program (the Impact Fee Program) requires that the School Board approve a resolution for disbursement of Impact Fee Funds held by Hillsborough County for expenses related to land acquisition, design and construction of new school facilities.  Site acquisition costs of $1,606,437 and estimated construction and capital equipment for High School "TTT" is $80,260,267.  By approval of this Resolution, the School Board is requesting to draw funds from the Impact Fee Fund for qualifying expenditures up to $80,260,267 as these funds become available.

For tracking purposes, the project number specific to the agenda item is 8620.  As of Tuesday, March 3, 2018, the remaining balance less encumbrances for this line item equaled $588,262.33.