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Fillmore approves $1.2 million line of credit to advance Veterans Memorial building repairs
Summary
The Fillmore City Council voted Oct. 28 to reinstate a $1.2 million line of credit to support renovations of the Fillmore Piru Veterans Memorial Building.
The Fillmore City Council voted Oct. 28 to reinstate a $1.2 million line of credit to support renovations of the Fillmore Piru Veterans Memorial (VMD) Building. The council approved using $650,000 from general fund reserves and $550,000 from the general fund operating account, contingent on the availability of awarded grant funds for reimbursement.
Finance Director Deborah Caballero explained the request and the project background. "We are requesting the approval to reinstate a funding for the line of credit agreement in the amount of $1,200,000 with $650,000 coming from the general fund reserves and $550,000 from the…
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