RIGGINS URBAN RENEWAL AGENCY
October 10, 2018 – 6:15 p.m.
The regular meeting of the Riggins Urban Renewal Agency was called to order by Roy Akins. Board member Carolyn Friend and Chairperson Glenna McClure were absent. Other Board members present were Matt Sinclair, Jonny Wilson, and Gary Miller.
PREVIOUS MEETING MINUTES: The minutes of the July 2018 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 Miller; voting yea, Sinclair, Miller, Wilson, and Akins. No nays; motion carried.
FINANCIAL STATEMENT: The financial statement was presented detailing the 6/30/18 cash balance of $1,355.27, with $7,601.18 in receipts, and $2,225.00 in disbursements, leaving a cash balance of $6,731.45 in regular checking, and $25 in the Share Account as of 9/30/18. Cash in the Sewer Obligation Reserve showed a beginning balance of $18,436.30; interest of $100.86, a contribution of $2,000.00, leaving a balance of $20,537.16. Wilson made a motion to approve the Financial Statement; seconded by Sinclair; voting yea, Miller, Akins, Wilson, and Sinclair. No nays, motion carried.
DISBURSEMENT OF FUNDS: Motion was made by Miller to pay $225 for October through December 2018 Administration, and to transfer $5,000 to the Sewer Obligation Reserve Fund.
Motion was seconded by Wilson. 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