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Richardson ISD board authorizes sale of three South Sherman Street properties to address budget shortfall
Summary
The Richardson ISD board voted 4-0 on Sept. 26, 2024 to authorize administrators to publish the required legal notice and negotiate a contract to sell district-owned properties at 600, 610 and 616 S. Sherman St.; the board said the sales are intended to help balance a deficit budget. No sale price or buyer was disclosed.
Board President Chris Poti said the Richardson ISD Board of Trustees voted 4-0 on Sept. 26, 2024 to give district administration authority to publish the required legal notice and to negotiate and enter into a contract to sell three district-owned properties on South Sherman Street. "Nuestro punto de acción de hoy es considerar dar autoridad a la administración para publicar el aviso legal requerido y negociar y entrar en un contrato para vender bienes inmuebles ubicados en 600, 610 y 616 sur calle Sherman," Poti said at the meeting.
Poti framed the sales as part of the district's effort to address a budget shortfall linked to an ongoing project, saying the district must adopt a deficit budget this year. "Como sabemos, tenemos que adoptar este presupuesto en en déficit," he said. The transcript does not include a sale price, buyer, timeline for closing or specific budget amounts tied to the properties; those details were not specified during the meeting.
A motion to authorize the publication of the legal notice and negotiation of a sales contract was made and seconded; no public questions were recorded. The board president announced the motion passed by a vote of 4-0. The transcript does not name who moved or seconded the motion.
The board president also cited compliance with state law as the authority for entering a contract for sale, but did not identify a specific statute. The meeting adjourned at 12:04 p.m. on Sept. 26, 2024.
