The Lantana Education/Charitable Foundation presented the Denton school board with a $1 million donation that will be put toward expenses for its new elementary school.
The donation was made at Tuesday’s school board meeting and will offset costs for the district’s 22nd elementary school being built on 12 acres north of FM407 and west of Copper Canyon Road in Lantana’s Fairlin neighborhood, district officials said.
According to Lantana Education/Charitable Foundation officials, the district will receive $250,000 this year and is promised an additional $250,000 annually for the next three years.
“I think it’s wonderful that we have that kind of support in the Lantana community for our schools,” Board President Charles Stafford said. “We’ve had a long friendship with the Lantana developer, and [it] clearly continues to be a very mutual, beneficial relationship, and we look forward to working with them in the future.”
The Lantana Education/Charitable Foundation, established in 2000, has donated approximately $6 million to the Denton school district, according to www.lantanatexas.com.
One-half of 1 percent on every real estate sale sold or transferred in the Lantana community funds the foundation, said Teresa Grawe, the foundation’s executive director.
“The dedication of the foundation to the education of the children in Lanatana schools is very important,”Grawe said.
For more than a decade, the foundation has made donations to support the construction and opening of schools in the Lantana area, advanced educational programs and scholarships for Lantana students, among other programs.
The new elementary school is the third to be built in the Lantana area and is the last elementary campus that remains in the 2007 bond package, district officials have said. Last month, the school board voted 7-0 in approval of a guaranteed maximum price of more than $17.76 million to construct the new school.
District officials say construction on the district’s 22nd elementary school began earlier this month, and the school is slated to open in time for the 2014-15 school year.
BRITNEY TABOR can be reached at 940-566-6876 and via Twitter at @BritneyTabor.