RIGGINS URBAN RENEWAL AGENCY
October 12, 2016 – 6:15 p.m.
The regular meeting of the Riggins Urban Renewal Agency was called to order by Roy Akins. Other Board members present were Matt Sinclair, Gary Miller and Jonny Wilson. Board members, Glenna McClure and Carolyn Friend, were 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 Wilson to approve the minutes as presented; seconded by Sinclair; voting yea, Wilson, Sinclair, Akins and Miller. No nays; motion carried.
FINANCIAL STATEMENT: The financial statement was read detailing the 6/30/16 cash balance of $3,893.82, with $3,318.97 in receipts, and $3,250 in disbursements, leaving a cash balance of $3,962.79 as of 9/30/16. Cash in the Sewer Obligation Reserve showed a beginning balance of $12,071.52; interest of $18.92; a contribution of $3,000, leaving a balance of $15,090.44. Miller made a motion to approve the Financial Statement; seconded by Sinclair; voting yea Miller, Sinclair, Akins and Wilson. No nays, motion carried.
DISBURSEMENT OF FUNDS: Motion was made by Wilson to pay $225 for October through December 2016 Administration and $3,000 to the URD Sewer Obligation Reserve leaving a balance of $737.79 in the checking account. Motion was seconded by Sinclair; voting yea, Wilson, Miller, Sinclair and Akins. No nays, motion carried.
There being no further business, the meeting was adjourned at 6:25 p.m.
Brenda Tilley, Clerk