The Waxahachie ISD Board of Trustees gathered on Monday morning to discuss the potential sale of 26.7 acres of land surrounding Turner Prekindergarten Academy.
Symphony Commercial, LLC ultimately agreed to purchase the land for the sum of $395,000.
A district spokesperson said the land was sold because it was not suitable as a future school site. WISD has owned the majority of the property for over 50 years and last year alone invested $650 to maintain it.
The portion of land identified as surplus is east of Turner toward Graham Street and stretches from Peters Street to Perry Avenue, according to the board book. It also stated the valuation was done by Atwood Valuations and returned an approximate fair market value of $372,000 as of Sept. 15, 2017.
The board first comprised a contract that was accepted, and the contract for the sale of the land was awarded, only to have that prospective buyer canceled the deal on May 23, 2018,
The district then notified local charter schools of the surplus property as required by state law. Charter schools showed no interest and WISD published an open solicitation in the Daily Light. WISD received only one bid in 2017. The notice reran in the Daily Light again in 2019.
After the publication of sale in March 2019, the board opened and read aloud that there were two responses received. Symphony Commercial, LLC was ultimately approved to purchase the land.
Symphony Commercial, LLC is a commercial real estate company established in 2005 and based in Addison.