Hillsborough County Public Schools Facilities
Action Item

DATE: Tuesday, February 7, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

ELEMENTARY "I" @ CITRUS PARK DRIVE - NORTHWEST AREA
APPROVAL OF EXCHANGE AGREEMENT WITH HILLSBOROUGH COUNTY
(REVISED ATTACHMENT)

EXECUTIVE SUMMARY

On August 23, 2005 the School Board approved the land exchange of the District owned Fawn Ridge site with the County owned Citrus Park Drive site to construct proposed Elementary "I" in a timely manner. Staff and the County have negotiated terms and conditions for this land exchange and are presenting these documents to their respective Boards for approval.

ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)

Critical Success Factor 6.a.8: Provide sufficient student stations to ensure uninterrupted student learning and data gathering as measured by District Operational Goals plan.

FINANCIAL IMPACT (Budgeted: Yes)

As per the attached agreement, the School District will pay the County the difference in appraised values. Current appraisals indicate the County site to be higher in value by $390,000, which funds will be derived from 2 Mill. New surveys and appraisals will be completed during the inspection period and will be used to adjust the value difference.

EVALUATION

N/A

SUBMITTED BY:

John M. Bowers
Department Manager, Planning and Siting
(813) 272-4609
Cathy L. Valdes
Chief Facilities Officer
(813) 272-4004
6.04R
Hillsborough County Public Schools (Florida) * Mtg.#20060207_168 * Section E Item# 6.04R