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|Deal Approved to Transfer YWCA Property to Santa Monica College|
By Lookout Staff
January 18, 2017 -- The Santa Monica College (SMC) Board of Trustees on Tuesday unanimously voted to purchase a one-acre parcel adjacent to the school's main campus from the YWCA for $5 million, college officials announced.
The college plans to use the 43,400-square-foot parcel just south of Pico Boulevard, which is located on two bus routes, "to enhance programs that support student success," college officials said Wednesday.
The programs offered could include health and wellness services, resources for neighborhood youth and military veterans, programs such as the Pico Promise Transfer Academy and classes for older adults in SMC’s Emeritus program.
“Santa Monica College is exceptionally committed to student success,” said SMC Superintendent/President Dr. Kathryn E. Jeffery. “We have been able to strengthen our student support programs recently with the availability of new state and private grants.
"This property will provide more options for SMC as we address how we organize and rebuild our campus over the next few years."
The YWCA plans to use the proceeds from the sale, which was approved by its board January 6, to award grants to nonprofits through a newly-established donor-advised fund at the California Community Foundation.
The YWCA board entertained a number of bids after deciding last year that its Santa Monica/Westside facility "no longer was financially sustainable due to declining donations," said Anne-Marie Spataru, President of the Board of the YWCA Santa Monica/Westside.
"We set in motion a disciplined and prudent process of receiving, reviewing, and vetting a number of bids to buy the property, weighing possible public benefits as well as the value and certainty of each alternative,” Spataru said in a statement.
“We are pleased that the property will continue in the service of our community and pleased that, upon the closing of this sale, we will be able to move forward with our plans to fund grants to nonprofit organizations that are aligned with the mission and interests of the YWCA Santa Monica/Westside.”
Funding for the purchase of the 14th Street parcel will come from SMC student enrollment capital fees.
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