Hillsborough County Public Schools Facilities
Action Item

DATE: Tuesday, January 15, 2008
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Approve the Purchase and Sale Agreement for Property Adjacent to Edison Elementary School

EXECUTIVE SUMMARY

The Area Director for Region IV informed district staff of the opportunity to purchase additional property located at 1506 East Palifox Street adjacent to Edison Elementary School. The school campus is currently comprised of 8.74 +/- acres and this additional property will add 7,000 square feet to expand parking at Edison in the future.

The property was appraised by an independent Tampa appraiser who has established value at $128,400 and the District has made a successful offer at $122,900. The District will not be responsible for any brokerage commission for this acquisition.

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

Provide adequate school facilities for the accomplishment of all District Goals and Critical Success Factors.

FINANCIAL IMPACT (Budgeted: Yes)

The $122,900 plus closing costs will be derived from 2 Mill Funds.

EVALUATION

SUBMITTED BY: Denise A. Eliason, Property Manager

Lorraine Duffy Suarez
Manager, Growth Management
(813) 272-4685
Cathy L. Valdes
Chief Facilities Officer
(813) 272-4004
A 6.03
Hillsborough County Public Schools (Florida) * Mtg.#20080115_285 * Section A Item# 6.03