Nipomo board votes to borrow $4 million for pipeline
May 11, 2013
Nipomo Community Services District Board members voted unanimously for a plan to borrow an additional $4 million for the construction of a water pipeline from Santa Maria, shortly after a lawsuit was filed contesting drawing the money from a reserve fund. [Tribune]
On Friday, a week after the Mesa Community Alliance filed a lawsuit to stop the board from drawing from the fund reserved for repair and replacement of existing assets, district leaders voted to approve the financing plan for the $17.5 million project.
Last May, Nipomo-area property owners voted against a plan to fund the construction of a $26 million pipeline by raising property taxes through an assessment district.
Opponents of drawing money from the reserve for the pipeline claim Nipomo officials are trying to resurrect the same project without approval from ratepayers.