Title and Board Action Requested
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Approve the agreement and authorize the release of reversionary interest in property located at 15487 Citrus Way, Brooksville, Florida, back to the Board of County Commissioners of Hernando County, Florida.
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Executive Summary
The Director of Facilities & Construction, on behalf of the Superintendent of Schools, hereby requests the Board approve the agreement and authorize the release of reversionary interest in property located at 15487 Citrus Way, Brooksville, Florida, to the Board of County Commissioners of Hernando County, Florida.
In the best interest of the Hernando County School District, we are foregoing our reversionary interest in this property, as we will not use the property for public education purposes. Please see attached Warranty Deed dated September 10th, 1974.
My Contact
Brian Ragan
Director of Facilities & Construction
ragan_b@hcsb.k12.fl.us
(352) 797-7050
2018-23 Strategic Focus Area
Pillar 3: Facility Operations
Financial Impact
The cost for this agenda item is $0.00, see attached budget sheet. The cost for the previous fiscal year was $0.00.
If expenditure is not currently budgeted, this will serve as the budget amendment when Board approved. If the agenda item includes the purchase of goods or services, the funds requested are an anticipated amount and may fluctuate depending on such factors as current market conditions, product availability, additional funding sources, and the needs of the District. Should the actual cost exceed the anticipated amount, the Board approves the additional cost, after review by the superintendent, but not in excess of the funds available in the site’s approved annual budget.