Hillsborough County Public Schools Superintendent Office
Action Item

DATE: Tuesday, March 14, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

BELLE WITTER ELEMENTARY SCHOOL
APPROVAL OF SUBORDINATION AGREEMENT
IN FAVOR OF NEW LIFE TABERNACLE, UPC

EXECUTIVE SUMMARY

Since 1995, the School District has leased approximately 2 acres adjacent to Belle Witter Elementary School from New Life Tabernacle Church to conduct physical education classes for the students. We have received a thirty (30) day notification from the Church to terminate this lease so they can begin construction of their new facilities.

Since this lease was unrecorded, the Church has asked us to approve a Subordination Agreement in order for the property to be used as collateral for mortgage acquisition.

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

N/A

FINANCIAL IMPACT (Budgeted: No)

N/A

EVALUATION

N/A

SUBMITTED BY:



Thomas M. Gonzalez
School Board Attorney
(813) 273-0050
8.03
Hillsborough County Public Schools (Florida) * Mtg.#20060314_172 * Section E Item# 8.03