May 10, 2017 – 6:15 p.m.

City Hall


The regular meeting of the Riggins Urban Renewal Agency was called to order by Chairperson Glenna McClure.  Other Board members present were Matt Sinclair, Roy Akins, Gary Miller and Jonny Wilson.  Board member, Carolyn Friend 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 Wilson to approve the minutes as presented; seconded by Miller; voting yea, Sinclair, Wilson, McClure, Akins and Miller.  No nays; motion carried.

FINANCIAL STATEMENT:  The financial statement was read detailing the 12/31/16 cash balance of $1,864.29, with $7,174.31 in receipts, and $287.50 in disbursements, leaving a cash balance of $8,751.10 as of 3/31/17.  Cash in the Sewer Obligation Reserve showed a beginning balance of $18,116.57; interest of $32.28, leaving a balance of $18,148.85.  Akins made a motion to approve the Financial Statement; seconded by Miller; voting yea, Miller, Sinclair, McClure, Akins and Wilson.  No nays, motion carried.

DISBURSEMENT OF FUNDS:  Motion was made by Sinclair to pay $225 for April through June 2017 for Administration, and contribute $6,000 to the Sewer Obligation Reserve leaving a balance of $2,526.10 in the checking account.  Motion was seconded by Miller; voting yea, McClure, Sinclair, Wilson, Miller, and Akins.  No nays, motion carried. 

FY18 BUDGET:  Discussed the scheduling of FY17-18 budget meetings.  It was decided the budget would be reviewed and tentatively approved at the July 12th URA Meeting at 6:00 p.m.  Akins indicated he would not be able to attend.

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

Respectfully submitted,

Brenda Tilley, Clerk