SHIRLEY KIMBERLIN Everything I list turns to SOLD! 805-886-0228 skimberlin@aol.com
This week’s listings on the back page
Future’s so bright Procore receives $15 million in funding
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Procore Technologies Inc., which recently moved its headquarters to Carpinteria, announced on June 11 that it received $15 million in funding from Bessemer Venture Partners. Procore develops cloud-based construction management software, and according to the company’s press release, the funds will be used to accelerate growth and expand mobile and web-based software. BVP partner Brian Feinstein will join Procore’s Board of Directors. “We studied every software solution in the construction industry. It was clear to us that Procore had the leading cloud-based product for general contractors and facility owners to manage their projects,” stated Feinstein. Procore CEO Tooey Courtemanche merged his background in software and construction to start Procore, which has grown to 120 employees and is on the Inc. 500/5,000 list of fastest growing companies in the U.S.
Bill and Rosana swing
Preparing to close the books on high school, Jonathan Esqueda, left, and Bryson Frazer congratulate one another a few moments before officially becoming Carpinteria High School graduates. The pair of seniors joined 128 of their classmates to cross the stage on June 13 at Carpinteria Valley Memorial Stadium. For full event coverage see pages 14 and 15.
$90 million for schools? School board sets bond measure amount By LEa Boyd
over the last year-plus, Carpinteria Unified School District has examined its long-term facilities needs and balanced these big ticket projects against the willingness of the community to shoulder the costs. On June 10 the board of education put a $90 million pricetag on a bond measure for the November ballot to fund everything from a new science wing at Carpinteria High School to technology infrastructure upgrades throughout the schools. “I’m ready for this; I think our community’s ready for this,” said Boardmember Terry Hickey Banks. Polling conducted this spring indicates that a $95 million bond, which would cost property owners $47 per $100,000 in assessed property value,
had 56 percent of voter support. An $80 million bond, at $40 per $100,000, was supported by 63 percent of voters polled. The threshold of yes votes needed to pass a general obligation school bond is 55 percent. The board adopted a Facilities Master Plan on June 10 that directly connects to the bond measure. The detailed list of improvements developed over the last many months with input from parents, teachers and administrators will serve as a roadmap for the use of bond funds, should the measure pass this fall. A bond oversight committee would meet quarterly to ensure that money is spent as dictated by the FMP. Priorities have been assigned to projects in the plan, and those ranked high-
“I’m ready for this; I think our community’s ready for this.”
–Boardmember Terry Hickey Banks
est will be undertaken first (see page 10 for full list of projects). The board will wait to address needs at the former Main School until decisions are made as to the campus’ long-term future. Also waiting in the wings is the fate of Summerland School, a small school in need of an overhaul. The site presents expensive complications and houses a student population of just 60. Considerations of selling the district’s other Summerland property, an undeveloped parcel on Whitney Avenue, to subsidize improvements to the little school were
put to a halt because, given the drought, the Montecito Water District has placed a moratorium on new water meters. The last time voters considered a CUSD bond was 1995. Passage of that $17.5 million bond covered the costs of, most notably, a modernization project at Carpinteria Middle School and a new library and computer lab at Carpinteria High School.
SCHOOL BOARD continued on page 10
Berk shir e Hathaway Home Servic es C arpinteria Re al Estate Jak e Ralston CA BRE#: 01785418
805-455-9600 ∙ JakeRalston@gm ail.com www.JakeRalston.com
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