La Verne Public Financing Authority adopts budgets for two city-owned mobile-home parks

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 there are no significant changes from previous years. For La Verne Mobile Country Club, staff identified planned expenditures including $42,000 for crack fill and seal coating of interior streets, $50,000 for driveway repairs, $50,000 for wall repairs and $9,000 to remodel the park laundry room. For Valley Rancho, planned costs include about $25,000 to refurbish the on-site manager's unit and roughly $25,000 to replaster the community pool. Reynolds said revenues are expected to be relatively flat with an estimated 3% space-rent increase in March 2025 and that the bond payment used to purchase La Verne Mobile Country Club, taken out in 1996, will be paid off in 2026.

Reynolds noted the operating budgets were prepared by Haven Management Services with staff input and reviewed by designated mobile-home-park liaisons. A homeowners council for one park reviewed and supported the draft. Council approved both budget resolutions 5-0.

The council asked staff to correct minor typos in resolution language before final signatures and thanked staff and the management company for their stewardship of the parks.