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This page was last
updated on
December 14, 2007.

December 2007 News

Thursday, December 6, 2007

The Santa Barbara School Districts’ Hidden Valley and Tatum Properties

At a December 4, 2007, special board meeting the board of education received an updated report on the Hidden Valley and Tatum properties. Following presentations on requested additional information on options regarding the two properties, the board discussion focused on four areas. The four areas, and the board consensus, is noted below:

1. Should the board develop the property for housing versus outright sale, lease or exchange? The board felt that outright sale was the least desirable option.
2. Should the board’s priority be to seek general fund revenue versus revenue for capital projects? General fund revenue was preferred as it is unrestricted and can be used to meet a wide range of district needs, including capital projects.
3. Should the board emphasize staff housing or revenue generation? The board would like to emphasize revenue, but if developed with housing, staff should have the priority.
4. Should the districts retain title to the Hidden Valley and Tatum properties or instead maximize the financial return through sale of units? Retaining title to Hidden Valley and Tatum properties or an exchange of land were preferred options.