HCPS FL Logo Facilities
Action Item
DATE: Tuesday, September 11, 2012
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS

Approve Conveyance of Additional Right-of-Way to the City of Tampa for Sidewalk Improvements at Dale Mabry Elementary School and Approve a Partial Release from Ground Lease Under a Certificate of Participation

EXECUTIVE SUMMARY

The City of Tampa has requested .24 +/- acres (10,551 square feet)  of additional right-of-way from the School Board of Hillsborough County at Dale Mabry Elementary School.  This property is necessary for Tampa to install, construct, repair, operate, maintain and replace the sidewalk area in the front of the school.  Design accommodations have been made to retain the school's on-street parking area.  On June 23, 2012, City Council approved Resolution No. 2012-586 (attached) for both the acquisition of the right-of-way and reimbursement of up to $3,000 in legal fees incurred by the School Board.

Dale Mabry Elementary is encumbered by Certificates of Participation financing through a Ground Lease Agreement dated April 1, 1994 with The Bank of New York Mellon Trust Company.  In order to convey the additional right-of-way to the City, the School Board needs to approve a Partial Release from the Ground Lease.  The attached Partial Release document was prepared by School Board bond council and allows the School Board to convey the area necessary for the sidewalk improvements.  Legal fees associated with this transaction will be the responsibility of the City of Tampa.

STRATEGIC OBJECTIVES
• Demonstrate best financial practices • Demonstrate "best practices" in all aspects of safety including students, employees, visitors, facilities, transportation, and health • Construct and maintain facilities that create an environment conducive to teaching and learning
FINANCIAL IMPACT (Budgeted:  No)

Approval of the Partial Release of the Ground Lease Agreement with The Bank of New York Mellon and the conveyance of additional right-of-way from the School Board of Hillsborough County to the City of Tampa for sidewalk improvements in front of Dale Mabry Elementary School will have no financial impact to the School Board.  Legal fees up to $3,000 incurred by the School Board for the completion of the Partial Release with The Bank of New York Mellon will be borne by the City of Tampa.

EVALUATION
SUBMITTED BY:  Denise A. Taraschi, Property Specialist
Lorraine Duffy Suarez   Cathy L. Valdes
General Manager, Growth Management & Planning
(813) 272-4685
  Chief Facilities Officer
(813) 272-4004
    A 6.03
Hillsborough County Public Schools (Florida) * Mtg.#20120911_512 (Board Meeting) * Section A Item# 6.03