Lake Oroville Monument Co. (Business)

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Project Value: $227,500
City Allocation: $138,000

Project Description:

A City loan was provided to assist with the purchase of real estate located at 2075 Baldwin Avenue, Oroville. The new building has over 5,000 square feet of additional space to properly store granite inventory, allows for an enhanced showroom and increased operating efficiencies. Lake Oroville Monument Company is an established business with a reputation for quality products and excellent customer service.

Funding Sources:

CDBG/City RLF (based on HUD Underwriting Guidelines)

Milestones:

  1. Loan approved August 16, 2011.
  2. Creation of 2 FTE positions including 2 full-time TIG employees by 12-31/2011.
  3. Company relocated to new facilities October 2011.
 Project Manager: Rick Farley 538-4307
 Council Goal: Economic Development
 Fiscal year: 2011/2012 2012/2013
 Expected Completion Date: October 2011