RIGGINS URBAN RENEWAL AGENCY

July 8, 2013 – 6:30 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 Gary Miller, Bob Crump, and Carolyn Friend.  Board members Roy Akins and Matt Sinclair were absent.  Guest – Susan Hollenbeak.  The minutes of the previous meeting were presented and members individually polled, all agreeing they had reviewed the minutes. 

FINANCIAL STATEMENT:  The financial statement was read detailing the 3/31/13 cash balance of $7,303.84, and $5,225 in disbursements, leaving cash balance of $2,078.84 as of 6/30/13.  Cash in Sewer Obligation Reserve showed a beginning balance of $9,722.47; interest of $4.25, a deposit of $5,000, and withdrawal of $10,000 towards the Sewer Bond payment leaving an ending balance of $4,726.72.  Friend made a motion to approve the previous meeting minutes and the Financial Statement as presented; seconded by Crump; voting yea Friend, McClure, Crump and Miller.  No nays, motion carried.

DISBURSEMENT OF FUNDS:  McClure made a motion to transfer $1,500 to the Sewer Obligation Reserve leaving a balance of $578.84 in the checking account; seconded by Crump; voting yea, Miller, Crump, Friend and McClure.  No nays, motion carried. 

 NEW BUSINESS

 MEMBERSHIP APPOINTMENTS:  Motion made by McClure to reappoint Robert Crump, Roy Akins and Gary Miller for four year terms; seconded by Friend; voting yea, Miller, Crump, Friend and McClure.

 BUDGET:  Members reviewed draft budget.  Clerk will make adjustments necessary in Future Capital Improvements and determine estimated revenue and expenditures.

 Budget Review meeting is scheduled for July 16th at 9:00 a.m.              

NEXT REGULAR MEETING – October 14, 2013 at 6:30 p.m. 

 There being no further business, the meeting was adjourned at 6:55 p.m.

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                    Chairman                                                               Clerk