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SCV Facilities Foundation reaching end of a successful run

Posted: May 18, 2014 10:26 p.m.
Updated: May 18, 2014 10:26 p.m.
 

The Santa Clarita Valley Facilities Foundation is winding down after 16 years of work that included development of the Golden Valley High School site.

The Facilities Foundation, created in 1998, is a private, nonprofit public benefit corporation designed to help the William S. Hart Union High School District locate, acquire and develop land for future school sites.

But the foundation’s mission has now largely been accomplished, said Rick Patterson, the president of the foundation’s board of directors.

“This is a process of winding up what’s been a fruitful and productive experience for all of us,” Patterson said Friday.

“The mothership of success for us was Golden Valley High School,” Patterson said of the 60-acre, construction-ready site for Golden Valley High School.

“It came at a time when the occupancy levels were just becoming unbearable for some of the school sites in the Hart district.”

The foundation also partnered with Santa Clarita to move approximately 10 million cubic yards of dirt to construct Golden Valley Road, Patterson said, and it partnered with the city yet again to develop the Santa Clarita Aquatic Center.

Earlier this month, the Facilities Foundation presented the Hart district with a $1 million check to construct shade structures at 10 schools — Golden Valley, West Ranch, Bowman, Canyon and Saugus high schools, Arroyo Seco, La Mesa, Placerita and Sierra Vista junior high schools as well as Sequoia Charter School.

Construction is scheduled to be complete prior to the start of the 2014-15 school year, according to a news release.

The foundation also donated and transferred an additional four parcels of land totaling 103 acres of real property to the district, Patterson said.

Hart district board President Steve Sturgeon commended the work of the foundation.

“I don’t think everyone realizes that directors willingly serve as volunteers,” he said in a statement. “The amount of time spent for the benefit of students over the years has been significant.”

Last year, the Hart district board voted to ask the foundation to transfer all of its assets to the district, a move that would likely result in the dissolution of the foundation entirely.

Patterson said he expects the upcoming fiscal year will be the last for the foundation.

“The vision was set, the plan was reviewed, the strategy was agreed upon, and everybody moved forward together,” Patterson said. “This is a nonprofit public benefit corporation and, when the strategic plan is completed, then basically what you do is put it on a shelf or dissolve it.

“And that’s where we are now,” he said.

Comments

ricketzz: Posted: May 19, 2014 6:44 a.m.

And they only destroyed one ridgeline building ugly view-condos on some "extra" land they happened to have. Do as I say; not as I do.


timothymyers02: Posted: May 19, 2014 2:37 p.m.

Successful? Depends on one's point of view. The Foundation demonstrably lost about $20 million in value but that was not uncommon among those that held real estate at the start of the last real estate bust.


philellis: Posted: May 19, 2014 3:07 p.m.

Tim was that a paper loss or a real loss? How about comparing that "loss" against the savings made in the building of Golden Valley High school.


timothymyers02: Posted: May 20, 2014 11:46 a.m.

philellis:

Real cash, mainly generated from the sale of the "excess" land around Golden Valley High School to tract developers was paid for land up Sierra Highway that has lost substantial value so it was lost cash and not a "paper" loss. No one stole any money, but the FF did in fact act as somewhat of a land speculator, which reasonable people can disagree about whether that is a proper activity or not.



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