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URA approves $5,049.75 reimbursement to city for outstanding POA dues
Summary
The Forest Park Urban Redevelopment Agency voted to reimburse the city general fund $5,049.75 for outstanding Property Owners Association dues related to acreage the URA previously owned.
The Forest Park Urban Redevelopment Agency voted to reimburse the city $5,049.75 to cover outstanding Property Owners Association dues tied to acreage the URA previously owned.
Staff explained the Property Owners Association (POA) functions similarly to an HOA for the logistics center and that the URA historically paid annual POA fees for the acreage it owned. As staff reconciled financial records, they identified unpaid POA charges and requested board approval to process repayment to the city.
A motion to approve repayment up to the POA amount was made by Avery Wilson, seconded by Elliot Lawrence, and approved by voice vote. Staff recorded the amount due as $5,049.75.
Why it matters
The payment resolves a specific outstanding obligation identified during a records reconciliation. Staff said the POA also contributes to public safety by providing $100,000 to the city general fund that supports two officers patrolling the logistics area.
Ending
Staff will process the reimbursement and provide confirmation to the board at a subsequent meeting.
