In May 2024, the Plano ISD School Board approved a resolution outlining the process by which the district would address any real property that was declared surplus. At its September 17, 2024, work session, the Plano ISD Board of Trustees declared Carpenter Middle School, Armstrong Middle School, Davis Elementary School, and Forman Elementary School to be surplus property. Subsequently, the Plano ISD Board approved the interlocal agreement with the City of Plano for three properties at its October 22, 2024, meeting that provided the framework to work cooperatively towards the transfer of the Armstrong, Davis, and Forman properties to the city. Plano ISD is retaining the Carpenter Middle School property.
After negotiations between Plano ISD and city staff, a purchase price of $3,050,000 for the 5.43 acres Davis Elementary School property has been agreed upon at the staff level based on third party appraisals obtained by both entities. Under the interlocal agreement, Plano ISD will demolish the existing building and site improvements prior to conveying the property to the city. The goal of Plano ISD and the city is to convey the property by the end of August 2025.
The city intends to pursue the redevelopment of the Davis Elementary property after a community engagement process is conducted to receive neighborhood input and direction later this year. Davis Elementary is currently zoned Single-Family Residence-9 (SF-9) and classified as Neighborhoods (N) on the Future Land Use Map of the Plano Comprehensive Plan.
If the city elects not to purchase the Davis Elementary property, Plano ISD will list the property on the open market. Staff recommends approval of this item.