Approve First Amendment to Purchase and Sale Agreement and Interlocal Agreement for Land Exchange Between the School Board of Hillsborough County and the Housing Authority of the City of Tampa

On February 2, 2016, the School Board of Hillsborough County, Florida, a body corporate, approved a Purchase and Sale Agreement and Interlocal Agreement for Land Exchange with the Housing Authority of the City of Tampa to exchange land surrounding Stewart Middle and Just Elementary Schools for Housing Authority land adjacent to the schools campus on Spruce Street for the proposed West River Project.

During the due diligence period, legal counsel for the Housing Authority and the School Board have requested additional time to receive and review the extensive title commitment and documents relating to the School Board's property and to complete boundary surveys on both sites.  The attached Amendments grant both parties the additional time to have these due diligence items completed.  No other terms or conditions have been changed and/or modified. 

Approval of the First Amendment to the Purchase and Sale Agreement and the Interlocal Agreement for Land Exchange between the School Board of Hillsborough County, Florida, a body corporate and the Housing Authority of the City of Tampa will have no financial impact to the School Board.