RIGGINS URBAN RENEWAL AGENCY

October 13, 2015 – 6:30 p.m.

City Hall

The regular meeting of the Riggins Urban Renewal Agency was called to order by Board Member Roy Akins.  Other Board members present were Matt Sinclair, Carolyn Friend, Jonny Wilson and Gary Miller.  Board Chairperson, Glenna McClure, was absent.  

PREVIOUS MEETING MINUTES: The minutes of the previous meeting were presented and members individually polled, all agreeing they had reviewed the minutes.  Motion was made by Friend to approve the minutes as presented; seconded by Sinclair; voting yea, Akins, Sinclair, Wilson, Miller and Friend.  No nays; motion carried.

FINANCIAL STATEMENT:  The financial statement was read detailing the 6/30/15 cash balance of $2,043.36, with $5,087.86 in receipts, and $225.00 in disbursements, leaving cash balance of $6,906.22 as of 9/30/15.  Cash in Sewer Obligation Reserve showed a beginning balance of $10,522.88; interest of $5.22, leaving an ending balance of $10,528.10.  Wilson made a motion to approve the Financial Statement; seconded by Sinclair; voting yea Akins, Sinclair, Wilson, Miller and Friend.  No nays, motion carried.

DISBURSEMENT OF FUNDS:  The Clerk presented an invoice from Redevelopment Association of Idaho, Inc. for FY16 membership dues of $50.  At this time, motion was made by Friend to pay $225 for October through December 2015 Administration, $50 to Redevelopment Association of Idaho, Inc. for FY16 membership dues, and $4,000 to the URD Sewer Obligation Reserve leaving a balance of $2,631.22 in the checking account.  Motion was seconded by Miller; voting yea, Akins, Wilson, Sinclair, Friend and Miller.  No nays, motion carried. 

There being no further business, the meeting was adjourned at 6:45 p.m.

Respectfully submitted,

Brenda Tilley, Clerk