RIGGINS URBAN RENEWAL AGENCY

January 9, 2019 – 6:15 p.m.

City Hall

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

BOARD MEMBER APPOINTMENTS:  Motion was made by McClure to reappoint Carolyn Friend and Matt Sinclair to the Riggins Urban Renewal Agency Board for a term of four years; motion seconded by Akins.  Voting yea, Akins, Miller, Wilson and McClure.  No nays; motion carried.

PREVIOUS MEETING MINUTES: The minutes of the October 2018 meeting were presented and members individually polled, all agreeing they had reviewed the minutes.  Motion was made by Miller to approve the minutes as presented; seconded by Wilson; voting yea, Akins, Miller, Wilson, and McClure.  No nays; motion carried.

FINANCIAL STATEMENT:  The financial statement was presented detailing the 9/30/18 cash balance of $6,731.45, with $3,131.50 in receipts, and $5,225.00 in disbursements, leaving a cash balance of $4,637.95 in regular checking, and $25 in the Share Account as of 12/31/18.  Cash in the Sewer Obligation Reserve showed a beginning balance of $20,537.16; interest of $133.97, a contribution of $5,000.00, leaving a balance of $25,671.13.  Akins made a motion to approve the Financial Statement; seconded by Wilson; voting yea, Miller, Akins, Wilson, and McClure.  No nays, motion carried.

2018 FINANCIAL REPORT:  Reviewed the 2018 Annual Financial Statement (calendar year).  Clerk reported that per Idaho Code 50-2006(c), a public meeting must be held prior to March 31st to take comments from the public on this report.  Following filing the report with the City Clerk, a legal notice must be published advising the public that the report has been filed and is available for inspection.  The public meeting will be scheduled for February 13th at 6:15 p.m.

DISBURSEMENT OF FUNDS:  Clerk reported an invoice from Redevelopment Association of Idaho for Fiscal Year 2019 Membership Dues ($50) was received.  Motion was made by Wilson to pay $50 to the Redevelopment Association of Idaho, $225 for January through March Administration, and to transfer $4,000 to the Sewer Obligation Reserve Fund.  Motion was seconded by Akins.  Voting yea, Wilson, Miller, Akins and McClure.  No nays; motion carried. 

There being no further business, the meeting was adjourned at 6:25 p.m.

Respectfully submitted,

Brenda Tilley, Clerk