Sandpoint Urban Renewal Agency approves 2024 annual report and fiscal-year 2024 financial report

At its regular meeting on March 4, 2025, the Sandpoint Urban Renewal Agency Board of Commissioners voted unanimously to accept the agency's 2024 annual report and to accept its fiscal year 2024 draft financial report.

Chairman Eric Paul opened the item by noting statutory filing requirements; the board's packet included the calendar-year annual report (to be filed with the city and the state) and the agency's fiscal-year financial report (fiscal year ending Sept. 30, 2024). The chair summarized that the annual report lists projects funded or not funded and revenue received for the calendar year, while the financial report covers the agency's fiscal year accounting and is the draft the auditors will finalize after the board's acceptance.

Procedural actions and votes recorded at the meeting:

- Approval of minutes from the February 4, 2025 meeting: motion made by Commissioner Spella; the motion carried (unanimous).

- Acceptance of the Sandpoint Urban Renewal Agency 2024 annual report: motion made by Commissioner Ned Brandenberger and seconded by Commissioner Marilyn Cabela; vote: unanimous (all commissioners present voted aye).

- Acceptance of the Sandpoint Urban Renewal Agency financial report for the fiscal year ending Sept. 30, 2024: motion made by Commissioner Marilyn Cabela and seconded by Commissioner Ned Brandenberger; vote: unanimous (all commissioners present voted aye).

Chairman Paul said that, following acceptance, the agency will file the annual report with the city and submit it to the state as required; Melissa (staff) will retain the hard copy. The chair also said notice of the annual report's filing will be published in the newspaper as required by state law.

The board confirmed its next regular meeting would be held April 1, 2025. The meeting adjourned at 7:49 a.m.