HCPS FL Logo Facilities
Action Item
DATE: Tuesday, April 21, 2015
TO: School Board Members
FROM: Jeff Eakins, Acting Superintendent
SUBJECT / RECOMMENDATIONS

Approve Amendment No. 4 to Parking Lease Agreement Between Tampa-Hillsborough Expressway Authority and the School Board of Hillsborough County for Parking Lots Adjacent to Raymond O. Shelton School Administrative Center

EXECUTIVE SUMMARY

On May 6, 2008, the School Board of Hillsborough County approved a Lease with the Tampa-Hillsborough County Expressway Authority for parking lots adjacent to the Raymond O. Shelton School Administrative Center.  These lots are referred to as "ROSSAC City Lots 1, 2 and 3" that contained 213 surface parking spaces.

The Authority has constructed a pedestrian and bicycling trail, for the benefit of the public, known as the Selmon Greenway.  This construction reduced the number of available surface parking spaces to 188.

Amendment No. 4 to the Lease reflects the reduction in parking spaces leased by the School Board and the respective rental fee reduction from $70,853.65 per year to $66,841.79 beginning with the annual renewal on May 8, 2015.  The Authority will issue a refund in the amount of $4,876.68 to the district for the loss of use of these 25 spaces during the construction of the Greenway.  The Expressway Authority is the owner of the property and as Lessor, will execute this Amendment upon School Board approval.

 

STRATEGIC OBJECTIVES
• Demonstrate best financial practices
FINANCIAL IMPACT (Budgeted:  No)

Approval of Amendment No. 4 to the Parking Lease Agreement between the School Board and the Tampa-Hillsborough Expressway Authority will create an annual rent reduction of $4,876.68 for the loss of 25 available surface parking spaces.

EVALUATION
SUBMITTED BY:  Denise A. Taraschi, Property Specialist, Growth Management & Planning
Lorraine Duffy Suarez   Christopher Farkas
General Manager, Growth Management & Planning
(813) 272-4685
  Chief Facilities Officer
(813) 272-4004
    A 7.04
Hillsborough County Public Schools (Florida) * Mtg.#20150421_688 (Board Meeting) * Section A Item# 7.04