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Ripley delays $18,000 annual payment as trustees, nonprofit dispute Rice Park finances
Summary
City lawyers recommended holding the city's annual $18,000 payment for Rice Park amid unresolved accounting, signature authority and insurance questions involving the WGL Rice Trust and a newly formed nonprofit board.
The City of Ripley will withhold its annual $18,000 contribution to Rice Park after city attorneys said outstanding questions about accounting, signature authority and insurance remain unresolved.
City Attorney (name not specified) told the board at the Feb. meeting that the city had previously voted to hold funds "due to management of funds and lack of leadership issues by the trustees and current corporate board members." The attorney said trustees' claims in a recent letter misstated the board's prior motion and that several concerns remain unanswered.
Why it matters: The withheld money is intended for park maintenance and programming at Rice Park. City…
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