RIGGINS URBAN RENEWAL AGENCY
July 13, 2016 – 6:15 p.m.
The regular meeting of the Riggins Urban Renewal Agency was called to order by Chairperson Glenna McClure. Other Board members present were Carolyn Friend, and Gary Miller, and Jonny Wilson via phone. 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 Friend to approve the minutes as presented; seconded by Miller; voting yea, Wilson, Friend, Miller, and McClure. No nays; motion carried.
FINANCIAL STATEMENT: The financial statement was read detailing the 3/31/16 cash balance of $7,310.51, with $1,833.31 in receipts, and $5,250 in disbursements, leaving a cash balance of $3,893.82 as of 6/30/16. Cash in Sewer Obligation Reserve showed a beginning balance of $17,049.70; interest of $21.82; a contribution of $5,000, and a transfer to the City for the Sewer Bond Payment leaving an ending balance of $12,071.52. Miller made a motion to approve the Financial Statement; seconded by Friend; voting yea Miller, Friend, Wilson, and McClure. No nays, motion carried.
DISBURSEMENT OF FUNDS: Motion was made by Miller to pay $225 for July through September 2016 Administration and $3,000 to the URD Sewer Obligation Reserve leaving a balance of $667.82 in the checking account. Motion was seconded by Friend; voting yea, Wilson, Friend, Miller and McClure. No nays, motion carried.
There being no further business, the meeting was adjourned at 6:25 p.m.
Brenda Tilley, Clerk