Village Beat
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by Kelly Mahan has been Editor at Large for the Journal since 2007, reporting on news in Montecito Kelly
± 1 , 8 7 8 I n d u s t r I a l /o F F Ic e co n d o m I n I u m
and beyond. She is also a licensed Realtor with Berkshire Hathaway HomeServices and the Calcagno & Hamilton team. She can be reached at Kelly@montecitojournal.net.
Cold Spring School Project on Hold
Price Reduced! | Now Offered at $749,500 Ideal for an Owner-User! Unique opportunity to purchase an industrial/office condominium near downtown Santa Barbara. The condo is equipped with a rollup door, one private restroom and two reserved parking spaces. The 1st floor is comprised of ±1,062 SF of industrial space, the 2nd floor features two offices (both ±462 SF) and the 3rd floor includes a single ±354 SF office. The new administrative and classroom building slated for Cold Spring School has been put on hold due to financial feasibility concerns (rendering courtesy KBZ Architects)
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hen we last reported on Cold Spring School’s (CSS) plans to build a new administrative building and classrooms near the entrance of campus, the project was moving forward and groundbreaking was on track to take place in February 2017. Now, after careful consideration and a closer look at the school’s financial picture, the school board has pressed the pause button on the project. “We want to do it right and not rush it,” said school superintendent Dr. Tricia Price, who, along with board president Bryan Goligoski, sat down with us earlier this week. “We are very happy with how far we took the project,” Goligoski told us, explaining that the current school board will see some turnover after November’s election. Two seats are up for grabs on the board, including the one held by Goligoski, who has been on the board the last eight years. Three candidates are running for those seats: current board member Gregg Peterson, former teacher and former CSS parent Kathy Davidson, and current CSS parent Amanda Rowan. “This is the first time in sixteen years we’ve had a contested election,” Dr. Price said. Those elected will join current board members Jennifer Miller, Kim Ferrarin, and Leslie Kneafsey. “It makes more sense to allow the new board to make its own financial decisions, instead of rushing to push the project forward and leaving them to figure it out,” Goligoski said. The newly elected board will be charged with figuring out how to fund the project, which was originally going to be subsidized through school reserves and a capital campaign. Now, after a closer look, the board has determined a small bond 6 – 13 October 2016
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measure will most likely be necessary, 805.879.9607 805.879.9633 805.879.9642 as utilizing cash reserves for about half of the $2.2 million cost would put the school in a less-than-desirThe Radius Team. able cash-flow situation. “The cash we Monumental Results. Every Time. have pays for monthly expenses and salaries, and we want to keep that sta2 0 5 E . C a r r i l l o s t. s u i t E 1 0 0 | s a n ta B a r B a r a C a 9 3 1 0 1 ble and healthy,” Dr. Price explained. 8 0 5 . 9 6 5 . 5 5 0 0 | r a d i u s g r o u p. C o m Like Montecito Union School, Cold Spring is a basic-aid school district, meaning its funding comes from tax revenues from its roughly 1,000-parnvest n ommerCIal eal state cel district, rather than from state funding. The school receives about $18,000 per student per year, versus the $8,000 it would receive from state funding. The last bond measure to successfully pass was in 2008 (Measure C for $2.4 million), used to fund an infrastructure remodel in 2010, which included updates to 80-year-old restrooms, upgrades to REAL ESTATE INVESTMENTS flooring, cabinets and instructional T U A R Tof F U STUART SS surfaces, repair andS replacement S A MSAMANTHA A N T H AFRIEDMAN FRIEDM A N JANSEN TANNE FUSS TANNER PRINCIPAL, SENIORASSOCIATE ASSOCIATE SALES ASSOCIATE roofs, ADA upgrades, electrical and BROKER BROKER PRINCIPAL, SENIOR SALES ASS stuart@montecitorei.com samantha@montecitorei.com tanner@montecitorei.com mechanical system stuart@montecitorei.com updates, and an tanner@mo samantha@montecitorei.com Lic#: 00859105 Lic#: 01873499 Lic#: 01981764 overhaul of the school-wide alarm, Lic #: 00859105 Lic #: 0198176 Lic #: 01873499 camera, and communication systems. www.MontecitoREI.com 201 W. Montecito Street, Santa Barbara, Ca 93101 (805) 565-4500 • 201 W. Montecito Street, Santa Barbara, CA 93101 • Two prior bond www.MontecitoREI.com measures in 2006 and 2008 failed, causing the board to SANTA BARBARA look into funding the new building from the general fund. It’s likely a CONSIGNMENT COMPANY new school bond to fund the new building will be in the amount of $1 million to $1.5 million and won’t be on the ballot until November 2018. “It all depends on what we can raise through donation and how much we want to use from the general fund,” Dr. Price said. The school board and an ad-hoc ✓ QUALITY ✓ LAMPS parent, teacher, and community com✓ SLIGHTLY USED ✓ UNIQUE 4441 HOLLISTER AVE. ✓ NEW FURNITURE mittee had been hard at work on the ✓ VASES SANTA BARBARA, CA 93110 ✓ HOME DÉCOR project design, with the board endors✓ FLOWER ARRANGEMENTS ✓ RUGS (NEAR MODOC) ✓ MIRRORS ✓ HOUSEHOLD ITEMS ing preliminary site studies that took WWW.SBFINDERSKEEPERS.COM
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