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Carmel Redevelopment Commission approves March minutes and claims; reports $6.85 million March balance
Summary
The commission approved minutes from March 19, authorized two sets of claims totaling $29,302.41 and heard a March cash balance of $6,849,712 ( $18,636,127 including restricted funds).
The Carmel Redevelopment Commission on Wednesday approved the minutes from its March 19 meeting, authorized two sets of claims totaling $29,302.41 and received a report that the commission's end-of-month cash balance for March was $6,849,712.
The finance report given by Mr. Lee showed the commission's unrestricted cash balance at $6,849,712 and total funds including restricted accounts at $18,636,127. Mr. Lee presented two claim packets: non-operating expenses of $28,226.22 and a claim for the 2021 LIT general-obligation bonds of $1,076.19.
Commissioners asked about the smaller bond claim. Mr. Lee said the $1,076.19 is related to the Civic Square garage and parking signage. With no further questions, the chair called for a motion to approve the minutes and then the claims; both motions were seconded and carried by voice vote.
No other financial actions were taken. The commission noted that documents related to the approved claims would be executed following the meeting. The commission adjourned and set its next regular meeting for Wednesday, May 21, in the City Council Chambers.
