June 19, 2007
Status:
Approve the lease agreement between the City of Hollywood and The School Board of Broward County, Florida for Elementary School "C".
The School Board has acquired approximately 5.44 acres of land adjacent to the approximately 4.7 acre City of Hollywood's Lincoln Park. The intent of this acquisition is to make use of Lincoln Park as a part of the elementary school recreational component.
The School Board requires a 2.58 acre portion of the Lincoln Park grounds for parking, structural and recreational components of the elementary school. The City of Hollywood desires to lease approximately a 0.124 acre portion of School Board owned land for a Lincoln Park component.
The School Board and the City of Hollywood also desire to enter into a Master Recreation Lease for the shared use of approximately 2.435 acres of land portions owned by each party. This component of the agreement will allow the elementary school's use of the recreation grounds during school hours and the City of Hollywood's use of Lincoln Park after school hours and when school is not in session.
The term of this agreement is fifty (50) years.
The School Board Attorney has approved this agreement as to form.
The City of Hollywood will execute this agreement after School Board approval.
There is no financial impact to the school district. Since there is no financial impact, this item does not require a collaboration form from the Capital Budget Department.
Requested Action
Approve the lease agreement between the City of Hollywood and The School Board of Broward County, Florida for Elementary School "C".
Summary
The School Board has acquired approximately 5.44 acres of land adjacent to the approximately 4.7 acre City of Hollywood's Lincoln Park. The intent of this acquisition is to make use of Lincoln Park as a part of the elementary school recreational component.
The School Board requires a 2.58 acre portion of the Lincoln Park grounds for parking, structural and recreational components of the elementary school. The City of Hollywood desires to lease approximately a 0.124 acre portion of School Board owned land for a Lincoln Park component.
The School Board and the City of Hollywood also desire to enter into a Master Recreation Lease for the shared use of approximately 2.435 acres of land portions owned by each party. This component of the agreement will allow the elementary school's use of the recreation grounds during school hours and the City of Hollywood's use of Lincoln Park after school hours and when school is not in session.
The term of this agreement is fifty (50) years.
The School Board Attorney has approved this agreement as to form.
The City of Hollywood will execute this agreement after School Board approval.
School Board Goals
| Goal 4 - All stakeholders will work together to build a better school system. |
Financial Impact
There is no financial impact to the school district. Since there is no financial impact, this item does not require a collaboration form from the Capital Budget Department.
Source of Additional Information
Jonathan M. Peservich 754 321-8355
Associated File Attachments
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Agreement (Files) | |
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ExecutedCompleteCopy (Files) |