The district will donate land next to Hurst Community Park and the city will donate land to expand Bellaire Elementary, reports the Fort Worth Star-Telegram.
The community will be able to use the playground at the new school under the agreement.
While construction is underway, students will continue attending the existing Bellaire building.
Funds for the school will come from the district's 2018 bond program and the district's capital improvement budget.
The school is expected to be completed by December 2023.