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La Verne Public Financing Authority adopts budgets for two city-owned mobile-home parks
Summary
The La Verne Public Financing Authority approved operating budgets for La Verne Mobile Country Club and Valley Rancho Mobile Home Park, with revenues projected to cover planned repairs and no city subsidy; both resolutions passed 5-0.
The La Verne Public Financing Authority on Monday adopted operating budgets for two city-owned mobile-home parks — La Verne Mobile Country Club and Valley Rancho Mobile Home Park — and staff said both parks generate sufficient revenue to cover expenses without a subsidy from the city's general fund.
Assistant City Manager J.R. Reynolds summarized the budgets and noted…
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