Price City agency adopts FY2025-26 budget after public hearing on tenant funds

The Price City Community Development and Urban Renewal Agency opened a public hearing on its tenant budget and voted to adopt Resolution 2025-01R approving the agencyfinancial budget for the fiscal year ending June 30, 2026.

Agency members approved minutes for the June 11, 2025 meeting and then opened a public hearing on the tenant budget. The chair called for public comment and members and participants discussed remaining funds in the project area and allowable uses. One participant asked about the remaining balance; the dollar figure mentioned on the record was not clear. Participants and members discussed using available funds for local projects including asphalt behind the pool, planned pickleball courts, and work on Beechhurst Drive; speakers noted that any spending must be within the designated project area.

After public comment concluded, the agency closed the hearing and the governing body moved to adopt the fiscal-year budget. Council Member Richardson made the motion to approve Resolution 2025-01R, a motion seconded by Council Member Miller; the chair called for the ayes and announced the motion carried. Earlier procedural motions included approval of minutes (motion by Council Member Willis, second by Council Member Miller) and a motion to open the public hearing (motion by Council Member Willis, second by Council Member Jesperson). The meeting adjourned after a final motion to adjourn that carried by voice vote.

The adopted budget will govern the Community Development and Urban Renewal Agencyexpenditures for the fiscal year ending June 30, 2026. Members noted implementation of the budget and related projects will proceed after July 1 as appropriate to the fiscal calendar.

Votes at a glance: - Approval of minutes (minutes for 06/11/2025): motion by Council Member Willis; second Council Member Miller; outcome: approved by voice vote (motion carries). - Motion to open public hearing on tenant budget: motion by Council Member Willis; second Council Member Jesperson; outcome: approved by voice vote (motion carries). - Motion to close public hearing (stated time 06:05): motion by Council Member Willis; second Council Member Jesperson; outcome: approved by voice vote (motion carries). - Resolution 2025-01R, adopting the agency financial budget for fiscal year ending 06/30/2026: motion by Council Member Richardson; second Council Member Miller; outcome: approved by voice vote (motion carries). - Motion to adjourn: motion seconded by Council Member Miller; outcome: approved by voice vote (motion carries).