Sec. 2. Before August 1 of a school year for which a school is placed in academic receivership, the superintendent and the board shall require the following:
(1) Evaluation of each administrator at the school.
(2) Evaluation of each teacher at the school.
(3) Evaluation of the school's educational plan.
(4) Consideration of:
(A) personnel;
(B) management;
(C) plan; and
(D) policy;
changes for the school to improve student performance at the school.
(5) Identification of significant;
(A) management;
(B) personnel;
(C) plan; or
(D) policy;
changes that in the board's judgment must be implemented to improve the school's performance.